Interview with Dmitry Medvedev

— June 1, 2016

Russian Prime Minister Dmitry Medvedev held a visiting session in Volgograd Platform "United Russia" to support entrepreneurial initiatives. In the federal forum was attended by the Governor of Volgograd region Andrey Bocharov, as well as representatives of the region's business community.

The Prime Minister noted that the main task of this meeting - to hear from the business community, which support measures in the current economic situation and they expect from the federal government and the regional authorities. In the course of a direct dialogue with the head of the Russian Government representatives of the Volgograd region were among the leaders in the number of questions asked Dmitry Medvedev.

Kamyshinsky Textiles was represented by General Director of AA Borisenko

A.Borisenko (General Director of "Kamyshinsky textiles"):

Good afternoon, Dmitry Anatolyevich! Good afternoon, dear colleagues! "Kamyshinsky textiles", the city Kamyshin, Volgograd region. We have thousands of people working. We continue to honor the company that in 1970 was the largest in Europe - cotton kombinataimeni Kosygin. Today we recycle 50 tons of cotton a day - this is the amount that is processed 12 thousand people in 1970.. That is, we have already reached the volume of 1970. And today it is 30% of our program, which we are ready. We grow for five years at 20% per year, the turnover today we have 2.5 billion for the year, each second sheet in the "Russian Railways" - ours, the sheets in "Artek" - ours, the sheets at the Olympics was ours. And thank you for the subsidy program, because in our case it is the program of subsidies pulled out of the project. It is very effective. I would like to hear from you, whether it will continue, because it is very important to me in the preparation of plans. The question is, when evaluating our main collateral asset is equipment that we buy every year - already at 2 billion rubles for the date purchased. And the banks, taking it as collateral, estimated This brand new or have not even purchased equipment is not more than 50%. This greatly lowers our development speed. We lose just twice more. If before we had the main competitor China, Southeast Asia ... The market was closed on all the known reasons, and for two years now, as we do, everything that is done, we turn to three months ahead. But I began to develop Central Asia, where with state enterprises do not see any restrictions, and they are developing very aggressive in these two years - we are already seeing their products, which comes into our market. I mean, Tajikistan, Uzbekistan, Kazakhstan. They turnkey construction company for two years. And we are of them are not obstructed, it is the market, the strongest wins the market. Belarusians actively behave in textiles. We are fine in the enterprise, many thanks to the Ministry of Industry, a huge thanks to Andrey Ivanovich Bocharov, we go, but we could go twice as fast. Please: whether any guarantees we give, or provide earmarking under certain conditions that are described in the support program, - we hinders the assessment of equipment for no more than 50%.

Medvedev: But this 50 percent estimate of collateral mass, which you get is based on what rules? This regulations of the Central Bank, or is it that the government decision?

V.Klimov: It's not the standards, it's just the financial market is trying to hedge their risks.

DMITRY MEDVEDEV: That is, there are no restrictions for commercial banks to assess the mortgaged property to 100%?

A.Borisenko: Just they refer to the central bank. They refer to the reserve requirements and make money dorezervirovat because the equipment is not profiled.

Medvedev: It's just a hard sell. He has a low resale value.

A.Borisenko: Him and not in Russia, and therefore we buy.

Dmitry Medvedev: I will soon, this week will be another banking conference with the participation of all of our major banks. I raise this issue and will discuss with them what is stopping them at the moment to make the property as collateral at a cost close to cost. Clearly, always has to be some factor that applies the bank when receiving the property as collateral, but, I agree, 50% - and this does not correspond to international practice. The more that you need to focus on the good faith performance of the obligations, and not that then have to sell this equipment. We will definitely discuss it, look at this problem from the standpoint of the interests of the industry, and, of course, from the perspective of the banks, referring to the existing rules on reserves.

As for warranty support, warranty support that system, which is, of course, is not perfect, but we do not plan to fold it, and we, on the contrary, to try to build up. In the same way as, and will try to keep the current rules on subsidizing the textile and light industry.