Business magnate Alexander Shamsutdinov, Chair of PolyPlast Group's Board of Directors, engaged in a gathering with Russian President Vladimir Putin, featuring representatives from the corporate sphere.
May 26, acknowledged Russian Entrepreneurship Day, President Putin convened with Russian business elites
The gathering featured the heads of domestic enterprises, ensuring technological independence, successfully replacing leaving brands, generating regional employment, and aggressively penetrating foreign markets.
On the table, logistics dilemmas, collaborative chain disruptions, and international payment barriers were broached. The discussion included export hurdles and the regulatory legislation of the import substitution process.
President Putin lauded the entrepreneurs' escalating clout in both domestic and international markets. He pledged ongoing state support for their endeavors, vouching to assist in executing their vision.
Alexander Shamshutdinov, Chair of the Board of Directors of GК "Poloplast," confirmed the event's relevance and significance, praising the constructive dialogue and the meeting's strategic implications.
Affiliation: LLC "Poloplast-Uralsib"INN 6625021894
Russian businesses on May 26 faced several challenges and needed support regarding logistics, supply chains, and international payment mechanisms. These issues included disruptions from international sanctions, the need to replace departing brands, and ensured technological sovereignty. Challenges in collaborative chains included a lack of inter-sector cooperation and development of new business links to fill gaps left by foreign companies.
International payment limitations involved restricted access to global finance and the need for alternative mechanisms such as barter, alternative currencies, or new banking links with supportive countries.
Government support measures encompassed financial aid, regulatory accommodation, and investments in infrastructure bolstering logistics and domestic supply chains. The state pledged support for domestic companies facing adversity from foreign competitors or ex-international partners, as seen in the case of Vkusno-i Tochka replacing McDonald's in Russia. The government also encouraged businesses to explore emerging markets and develop alternative cooperative and logistical networks with countries not aligned with Western sanctions.
Technological advancement and strengthening domestic capabilities to reduce dependency on foreign providers were additional focal points.
- Recognizing the challenges faced by Russian businesses, President Putin emphasized the importance of government support in overcoming logistics troubles, supply chain disruptions, and international payment barriers, particularly those arising from sanctions, replaced brands, and ensured technological sovereignty.
- In light of international payment limitations due to restricted access to global finance, the Russian industry and finance sectors are actively seeking alternative mechanisms such as barter, alternative currencies, or new banking links with collaborative nations, aiming to bolster domestic business growth and foster independence in the business sphere.
