UVZ Corporation’s Oleg Sienko takes part in industrial conference

10 June 2015 (13:11)

UrBC, Yekaterinburg, June 10, 2015. Uralvagonzavod Corporation’s Director-General Oleg Sienko took part in an industrial conference in Moscow.

According to the corporation’s press service, the event’s agenda covered a plenary session where its participants could talk about the strategic development plans for the Russian industrial sector. In his speech, Oleg Sienko emphasized the special role that industry plays in the current economic conditions.

‘Futures, stock indices, and exchange rates have been a trendy topic lately. However, industry is the only sector that produces actual goods,’ the executive said.

Sienko pointed once again to the need to work more closely with the BRIC member states and to become less dependent on the U.S. dollar and the euro.

‘As for the BRIC countries, a closer alliance would result in a working financial mechanism which would insure Russia against the modern world’s economic disturbances. We sell our produce for something that doesn’t have a very high actual value,’ he said.

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