Russia: Deripaska promotes Russia's business markets

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• published: 26 Apr 2014
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W/S of exhibition hall at St. Petersburg International Economic Forum SPIEF 2013 SOT Oleg Deripaska, CEO of Russian aluminium giant Rusal: "If you work in Russia you understand what advantage it is to be here, how qualified our people are, how rich resources are, how available infrastructure is in reality, what is real in a story about Russian court system, Russian justice system because if you are an international businessman you work in China, in India and even in Brazil you can really compare which system is fair." W/S of of outside exhibition hall of St. Petersburg International Economic Forum SOT Oleg Deripaska, "Of course we have a lot of things to do in Russia, we try to improve all that I've said. In reality things are not so bad. If you work here (in Russia) you can make profit and create sustainable business. This is a reality for big companies - look at Volkswagen, Toyota and even GM. This is a reality for small companies that come to Russia to provide new ways of service and manufacturing." C/U of emblem of St. Petersburg Economic Forum SOT Oleg Deripaska: "I see that Russian companies are developing in a right way. We have a great potential in Russian market. As I said, construction, residential market... We can see a lot of improvements in agriculture, manufacturing, transportation... the government announces more investments... resources will be supplied in order to solve some bottlenecks. Actually I'm very optimistic. It will perform better. How will market react - there are a lot of emotions about the Federal policy. There is still a dispute on how attractive the Russian stock market is because the corporate governance and so on. Let's see in 3 years! I'm optimistic!" SCRIPT Russia: Deripaska promotes Russia's business markets Oleg Deripaska, the CEO of Rusal, attended the International Economic Forum SPIEF 2013 in St. Petersburg, Friday, in hopes to engage with international business leaders and find economic solutions to the pressing issues of the global market. At the forum, Deripaska was able to talk about the benefits of being part of the Russian market. "If you work in Russia you understand what advantage is to be here, how qualified people are, how rich resources are, how available infrastructure is in reality, what is real in a story about Russian court system, Russian justice system... because if you are an international businessman you work in China, in India and even in Brazil you can really compare which system is fair," the Russian aluminium giant said. He continued by reassuring that development and improvement is still underway in Russia, "I see that Russian companies are developing in a right way. We have a great potential in Russian market. As I said, construction, residential market... We can see a lot of improvements in agriculture, manufacturing, transportation... the government announces more investments... resources will be supplied in order to solve some bottlenecks. Actually I'm very optimistic. It will perform better. How will the market react - there are a lot of emotions about the Federal policy. There is still a dispute on how attractive the Russian stock market is because the corporate governance and so on. Let's see in 3 years! I'm optimistic!" The International Economic Forum is a platform for global leaders to meet and discuss the evolution of the global market. The annual meeting draws several thousand political and business leaders, leading scientists, and international public leaders. Both German Chancellor Angela Merkel and Russian President Vladimir Putin attended and addressed the guests publicly.