Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), stated that imposing restrictions on foreign businesses remaining in Russia is economically and technologically ineffective. He emphasized that bona fide foreign companies abiding by the rules should receive national treatment.
The head of the Russian Union of Industrialists and Entrepreneurs, Alexander Shokhin, stated that an excessively strong ruble is making Russian goods uncompetitive against cheaper imports from China. He noted that the overvalued currency hinders exporters and makes it difficult for Russian companies investing in import substitution to compete.
Alexander Shokhin of the Russian Union of Industrialists and Entrepreneurs views the proposed tunnel between Chukotka and Alaska as a symbolic gesture for Russia-US relations, but questions its economic viability due to a lack of apparent traffic volume to justify investment over 20 years. He noted the need for extensive infrastructure development and reciprocal trade flows.
