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Economist: The fact that our companies turn to foreign investors is normal and this is a trend

Agroholding Kuban, which is part of Oleg Deripaska’s Basic Element, began negotiations with Chinese and Arab investors and funds in connection with the loss of Western investment. He will be offered a stake in the company, media reported today with reference to the managing director of agribusiness “Basic Element” Andrei Oleinik. About the interest of investors from the East and from the Arab countries, Bigness correspondent. Ru talked with the head of the Department of State Regulation of Economics of the RANEPA, the director of the Institute for Public Finance Reform, Viktor Klimanov.

– Will it be possible to interest Arab and Eastern investors in the projects of the Russian agricultural business in the context of loans and high lending rates?

– It seems to me that in any case, Chinese investors are now showing new activity, including in the face of weakening investors from other countries in our country. And it is known that the agricultural industry is also one of the areas of interest for them, and agricultural production is actively developing, at least with the participation of Chinese workers employed in the regions of the Far East and Siberia. It is Siberia too. How interesting it is to direct our interests to other regions of Russia and whether these agricultural enterprises will be somehow connected directly with Chinese consumers or some other actions that contribute to the development of any other relations besides their own investment, I don’t know, it’s hard to say. As for Arab investors, it is also obvious that their role will probably increase now, as well as the role of investors of some other third countries, not Western, not Chinese, but some other that are likely to occupy certain niches occupied previously by other investors. It seems to me that, in fact, many domestic companies will now try to find partners in a crisis in order to somehow attract them to those industries that are not the main nuclear companies. As far as I understand, the Basic Element agribusiness in the Kuban is also connected with its historical homeland

the owner of the holding, but, nevertheless, this is not a core business and in the conditions of the crisis it still becomes difficult for a single holding company to contain any areas of non-core assets, therefore it is also logical that our domestic companies will turn to potential investors with a proposal to attract them to present for production, for financing production.

– What segments of Russian agriculture may be of interest to investors from these countries?

– In many ways, it is Chinese investments that are associated with geography, than, in fact, with industry specifics. Because after investments there is sometimes the penetration of human resources engaged in production, and this we see in the regions of the Far East and Siberia. And it is known that some Chinese colonies were already concentrated near Krasnoyarsk, somewhere in other regions of Siberia, not only the Far East, where the creeping Chinese expansion has long been taking place. Therefore, rather, here we can talk about geography. At the same time, it is known that there are large Chinese projects to invest in the forest sector, and not in agriculture. For example, the well-known large company Roskitinvest is now working in the Tomsk Region, creating a timber processing enterprise with a huge amount of Chinese investments.

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