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European brands will compete with the Chinese and Turks
03.12.2014 5031

European brands will compete with the Chinese and Turks

The Russian Direct Investment Fund (RDIF) believes that EU businesses will recognize the loss of European business from sanctions against Russia in the spring of 2015 or even earlier.

According to Kirill Dmitriev, the head of RDIF, in the current situation, Middle Eastern, Chinese, Turkish investors understand the potential of the Russian market and want to take the vacant place in it.

According to Dmitriev, in recent months, the turnover of only German companies has fallen by 20-25% due to anti-Russian sanctions. According to him, "European business has a growing understanding that turnovers are falling, and vacant niches are being taken up by other countries."

The Russian Direct Investment Fund (RDIF) believes that EU businesses will recognize the loss of European business from sanctions against Russia in the spring of 2015 or even earlier.
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