European businesses adapting to new realities

European businesses adapting to new realities

Anton Kobyakov, Adviser to the President of Russia, met with Tadzio Schilling, CEO at the Association of European Businesses AEB in Moscow.

"The challenges currently facing European companies are truly unprecedented, both quantitatively and qualitatively. We can point to an increasingly complex regulatory environment, disrupted supply chains, more labour-intensive and more expensive logistics, remittance issues and, of course, unforeseen reputational risks. Against this background, we highly value the key business platforms of Roscongress, which bring together representatives of government authorities, domestic and foreign businesses, where we can discuss measures taken to support the economy. We realize that it is important for us to focus our attention on regional associations, such as the SCO and BRICS, and to study their communication channels both within the structures and with external players," Tadzio Schilling emphasized.

During the meeting, the parties noted that it is now important to keep communication channels open, given that there are still many European companies in Russia, especially in sectors less affected by sanctions or other crisis-related issues.

In addition, an important aspect discussed at the meeting was the timely awareness of companies of the market situation. As a tool, AEB proposed to prepare analytical studies together with the Roscongress Foundation as part of the cooperation agreement between the organizations.

"Russia remains open for dialogue and cooperation, but we see new players coming to the Russian market to fill the gaps left by their European competitors. We are ready for honest mutually beneficial work, if European businessmen have such a mindset," Anton Kobyakov stressed.

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The St. Petersburg International Economic Forum will be held from 5 to 8 June 2024.

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