Russia’s Dmitriev takes gold in sprint at 2017 UCI Track Cycling World Cup in ColombiaSport February 20, 3:40
Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
“We are passing through quite hard times, anxiety reigns in French business circles over current situation,” he said, opening the annual Paris conference on French-Russian co-operation and world visions of the countries.
French business community finds it extremely important to maintain talks between the two countries in different formats amid particularly sharp deterioration of relations between Russia and the West, Quidet said. “It would be a worst scenario to interrupt these talks now,” he noted.As for Russia’s importance for French business Quidet recalled France was among the three largest foreign investors in Russian economy now. “More than 1.2 thousand French companies operate in Russia, around six thousand companies are related in some way with export on Russian market,” he noted, adding that “This is a total of hundreds of thousands of jobs. Russia is a key trend for us and sanctions would be a catastrophe for both countries.”
Russian economy remains attractive for foreign investors even despite temporary difficulties and growth of foreign political tension amid current Ukrainian crisis, the head of the French-Russian Commerce and Industry Chamber added. “In fact, some slowdown is observed, but it will be temporary,” Quidet said.
In general, Russia has several undisputable advantages, including a low level of state debt, massive gold and foreign currency reserves and “an extremely strong middle class that had not been affected in the recent economic crisis,” he said. “Russian market is one of most attractive for France and the country cannot be absent there,” the French commerce chief executive said.