Samsung to stay in Russia notwithstanding rubles debilitating


The South Korean organization Samsung Gadgets will stay in the Russian market, in spite of existing issues in the Russian economy and the debilitating of the ruble, the organization's leader Sang Jin Park told TASS at the Eastern Financial Gathering in Vladivostok. 

"We will keep focused Russian market under any circumstances," he said. "There are a few obstructions because of the conversion scale [of the ruble — TASS] and general log jam in the Russian economy, yet we can discover new open doors in the Far East," the organization's leader said. "We have been working in Russia for a long time, we have put $250 mln in Samsung Hardware plant in Kaluga area, 1,500 individuals are working there, so throughout the years we have overcome numerous troubles," he said. 

"I truly loved the President Putin's discourse on September 4, and I felt his solid will and craving to build up the locale," Samsung President said. 

The primary Eastern Monetary Discussion (EEF) was held in the Far Eastern Government College on the Russky Island from September 3 to September 5, 2015. The Gathering introduces the district's venture opportunities and undertakings. The aggregate expected total of agreements and assentions to be marked at the Discussion is esteemed at 4.7 trillion rubles ($70 bln)

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