the country has not imposed sanctions against russia, commodity flows have increased sharply, this is mutually beneficial, and russia and turkey have good contacts with turkish business, everything is going on, well, the collapse at the borders is not enough sea delivery. it continues to keep the business in a tight grip that does not allow to move forward. not to mention the border with china, this is extremely difficult. uh, the next topic that touches is, of course, the calculation here of each acquisition transaction by sales from a separate case, when you have to invent. well probably, these are not only business problems, but also the problem of our financial institutions, which should be solved. i am obliged to do this to remove this time from business, when we are now each on our own and are trying to invent something so that it is not visible that it is convenient. yes, even in the end,

you can’t incur losses on this, these problems that need to be solved, but in terms of what to do for whom and how. well, this is not the most difficult question. we have dealt with all this for a long time in these seven months. it must be said that we investment clear stopped. the ministry of industry interacts normally with vasily sergeevich, we have such conversations, they take place there every month. here we are doing what in ordinary life, probably, it would be done in several years; this is done in six months in several months. so i can say that, for example, in september we didn’t talk much publicly, but we resumed the production of cars of the kopeck class. that is, we managed to localize the components that we purchased from europe, and there it is very there was a large share. production was launched

next year, we expect to reach a large planned series, that is, with a delay of a year , we have restored the investment program that was supposed to work to create new conditions for the new product of our company. here the business authorities are working there trying to help, but there are a number of issues that are outside the business decisions. we are obliged to solve them , and not in the terms that are happening today in everything else in our economy. adapts to the new conditions are much faster than we all thought and the losses are much less than we all thought with andrey than at the beginning. we talked. there, the forecast for a fall in gdp is very different from what is happening today; this is what the

government and business are doing together. this is the system that we understand works. life has forced us to quickly adapt, and we are confident in the future, probably more than ever. i'm fine then. you mentioned ties with our turkish partners. that is why i would like to ask the following question gendzheru, tell me, but turkey had its own economic miracle. it was largely based on mechanical engineering and construction. it's called ergonomics. and now turkey is in a unique position. she is a negotiator with everyone, she does not impose sanctions against russia. she offers everything possible there to become gas hubs, negotiation hubs by anyone, including, uh, turkish businessmen. they would like. although they have always been very actively involved in the russian economy.

they would like to get in and work with investments. mutually now. e, bloomberg writes, that the russian economy is moving, a faster and business is working in their areas more actively than even in the largest european countries, that engineering, which for the first time, and months of the year fell almost to zero, it restored its volumes due to the fact that that i found parts from non- western suppliers, and i understand, not without the participation of turkey, i perfectly understand what sergey anatolyevich is talking about at the q border crossings, among other things, because he is very interested in what is transported through turkey, turkey is a big hub, a and uh, water and transport so that's what we should do now you would like to work with russia we would like to work with you. and what needs to be done so that we don’t rebuild anything in this geography. we

have been working with turkey for a long time to consolidate it. dear friends we are ladies and gentlemen first of all on behalf of the turkish engineering association. i would like to thank the organizers of this wonderful wonderful international forum made in russia for the opportunity that i have been given before i answer your questions. i would like to say to inform the present turkish engineering association about the possibilities of these products that are produced by the engineering association, our association is the largest organization of the company that develops and manufactures. e,

machinery product and mechanical products in turkey represents all common interests. our sector of the international institutes of turkish engineering is the second largest export sector in turkey, the export volume in this sector is 23 times dollars last year this in 2019, we expect sales of more than 25 billion dollars and approximately 60% of this electricity to the eu countries, which indicates the competitiveness of the turkish engineering industry in global markets. from this point of view, of course, we can be very satisfied, but there are also negative aspects of this market structure, namely the risks associated with the lack of market derfication more specifically. we

turkish machine building are feeling the negative effects of the economic slowdown in the eu countries which began in the second half this year, as we all know, there is no previous quick settlement of the existing political crisis in our region. this may lead to new price shocks in world markets. uh, including raw materials, as well as supply chain disruptions this trend. uh, trends, international lending institutions have warned of prolonged recessions in the world. the main market is still europe and it is possible that the problem will continue throughout the next year, it is very likely that this will lead to stagnation. and maybe even to a decrease in our export engineering expert to the eu, we er,

turkish machine builders sector is good. see the trade potential of the russian federation we also know that we have not fully exploited this potential, with this in mind since 2020 . we are making great efforts in order to overcome these shortcomings of ours, we are implementing a special program to strengthen our bilateral trade ties with russia and in the past two years. we have organized almost every month a variety of delegation activities, study missions, meeting with the seller buyers. we are able to ensure that our members of the company organize various events, seminars, conferences in russia and note with satisfaction the positive results of these efforts. our

machine stands in russia last year increased by 37%, 940 million dollars. 8 months this year is also a serious increase in our exports by 28%. this year this indicates that by the end of this year we will achieve a record of one and two tenths of a billion dollars will be the volume of machine-building exports in russia and this is very nice. ah, tensions still persist and so, uh, well, we can say that so far the logistics in our sector are working well. the same applies to payments, but there is a problem here too. we know that any new restrictions on logistics and on the payment system may impede our exports in the future, understanding this, we are closely following developments in the region, we all

know that barriers to trade barriers, which in recent periods have resulted from the crisis, are an obstacle. in the region e are filmed between our countries thanks to the adopted political decision and therefore we are optimistic about the future of our trade relations. russia has always been one of turkey's main trading partners and this partnership is also rooted in our growing economic dependence, understanding. this is our responsibility and responsibility, as the voice of the turkish engineering industry, we will do our best to promote further development in our bilateral trade. let's go gentlemen. we know well that russia is one of the largest markets in the world with huge resources and a large population and therefore the uh development stage of the move to the russian market

is characterized by large production and uh competition. not just success in this huge market depends on the implementation of private equity and the first step to be taken for deep penetration is a long-term penetration of e. the russian market is the creation of a good service infrastructure in this country. judging by the experience of creating such a service structure through partnership with russian companies. this is the most expedient way, no doubt, that a successful entry into the russian market. this is the key to opening doors to other countries in the european economic area. and this means that we should not be late in adapting to the current processes, uh, the world trading system of which is characterized by

more and more polarity, a sharp machine, the structure of 18,000 companies, uh. 250.000 employees is the largest industry in turkey in e. turkey has many companies that have very good opportunities potential. uh, turkey is also a hub for access to regional markets, so i would like to encourage russian entrepreneurs to invest in a turkish machine building, preferably with local partners, now for the final ladies and gentlemen. i hope that my presentation contained some answers to the questions that you raised and i would like to once again thank the organizers of this wonderful conference for this opportunity. i hope that this will contribute to the further development of cooperation between turkey and the russian federation thank you very much. ender you

, if the whales of the economy are talking about this, and with the chains of connections built with big investments with big projects and money, then here, i would like to ask veronika olegovna nikishina, and the head of the russian export center. and then what about the rest because we found ourselves, apparently, in a unique situation. we have global financial levers, through which everyone is accustomed to making calculations. and at the same time, these western globalisms, in our case, already consider it is better to assume that everything does not exist, we will rebuild everything for a market that wants to trade with us. he's on the other side of the planet. it was very convenient for us to sell everything to the west. they are great there. well done. we were all oriented. they consumed great, but they only consumed. and now we are still talking about mutual movement and about the fact that these global levers, if the husband is talking about the multipolar world of calculations. through national currencies and other

markets, which we will now negotiate and build, this primarily concerns you. here your unique development tool such as the russian export center. what is he doing in this situation to break through this blockade and solve this problem? i want to say that and of course, in the center at the forefront - this is our exporter, that is, they live in the blockade, if it exists somewhere, but believe me, it is far from uh, that's some kind of global one. and this is still our exporter, we help them, and the situation that sergey anatolyevich spoke about with the export of kamaz is absolutely not unique. only in relation to kamaz. we interact with large medium sized, small businesses in the region, and we er see, er we can assess the mood of exporters, as workers have never been. just export our products. it has always been, uh,

faced very tough competition, but now, uh, logistics and payments have become much more complicated. and uh, part of the markets closed, but once again repeated the mood of the working of 1.230 commodity. our exports of last year we are currently exporting 1.200 out of 1.230 1.200 items we continue to export and our customers 200 countries of the world are our e, exporters. they say that they continue to, uh, look for and find new partners, new new markets. we have. uh, examples, when for this period. our clients have moved from medium-sized businesses to large businesses. it would seem impossible, if we talk about our instruments of the group of the russian export center, then we have adjusted our

line. we got a mandate for e, import support. and now we can provide, for example, uh, targeted lending and import of machinery , equipment, components that are needed for our uh, manufacturers exporters and uh, here. broken industrial chains, production chains are glued together by us, we can insure, but against the risk of non-return of an advance payment or simply non- payment of our importers. we have increased the number of exhibitions we co-finance in foreign countries for our exporters. and here is an example of those examples that she cited, when companies moved from medium-sized to large business , they were simply associated with very high activity at exhibitions. that is, it is the activity of the companies themselves with uh, with some non-financial activities that we helped them to participate in, we bring our exporters to the seven new largest international.