Consul General in Houston announced the desire of US business to return to Russia
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Big American business would like to resume cooperation with Russia. This was announced by the Consul General of Russia in Houston Alexander Zakharov.
“Of course, big business would like to resume cooperation. American business does not want to lose the Russian market or give it to someone else,” declared Zakharov to the TASS agency.
He noted that imports of products from Russia to the United States in May rose to $503 million compared to $215 million in April, but this does not meet the potential and capabilities of Russia and the United States. He emphasized that new projects in Africa and Latin America, which are attractive for US business, will not be able to replace projects in Russia in terms of their profitability and profitability.
“The Americans really do not want to lose the large-scale Russian market in the future. It is possible to build new supply chains, but it takes years and even decades,” the Consul General drew attention,” the Consul General emphasized.
He added that American business “experiences a certain jealousy” towards the Russian economic forums, as they had an attempt to hold a Houston-Africa summit, but failed to gather a sufficient number of representatives of big business.
After the start of the special operation, foreign companies, including American ones, limited their activities on the Russian market or completely left it. In 2022, Yale University reported that more than 1,000 companies from various industries have reduced their presence in Russia. Russian President Vladimir Putin has said that foreign companies will regret their decision because Russia is a country with great potential.
The Financial Times (FT) analyzed the financial statements of 600 companies and came to the conclusion that the organizations that left Russia lost at least 100 billion euros. From these reports, 176 out of 600 groups recorded asset impairment, currency exchange costs, and other one-time expenses as a result of the sale, closure or reduction of Russian enterprises. Companies from the UK, Germany and France lost the most.
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