Tuesday, November 25, 2014

Kremlin provides: Russia will not abandon Europe to China – Polish Radio


  According to the minister of economic development minister Alexei Ulukajewa, President Putin understands the economic situation in Russia , photo: PAP / EPA / ALEXEY DRUGINYN / RIA Novosti / KREMLIN POOL
 

The politician gave an interview to the German newspaper “Frankfurter Allgemeine Zeitung”.

The Minister explained that Russia wants only “to overcome the imbalance “. Trade turnover between Russia and Europe amount to 430 billion dollars, and China $ 90 billion. – We will expand our trade with China, but we will not restrict trade with Europe – assured politician.

Ulukajew also referred to the Russian-German relations recalling that Berlin is the largest economic partner of Moscow. – We appreciate the activities of German companies in Russia, for example, in the automotive industry and the energy sector – the minister said.

“We feel the effects of the sanctions”

The head of the Ministry of Economy said that the political situation has a negative impact on economic relations with Europe. Among the negative phenomena that plague the Russian economy mentioned limited access to the capital market, the outflow of capital, unfavorable exchange rate and inflation. – We try to explain to our partners that the sanctions have a negative impact on everyone. Also in Germany, part of the economy suffered – he said.

“Putin understands the situation very well”

The Minister asked for a bill providing for the possibility of confiscation of assets of foreign companies in Russia stressed that he publicly rated this idea as “counterproductive” and discouraging foreign investors. He noted that the work in the parliament on this project has been suspended after the first reading. – I hope that this project has no future – he said.

Ulukajew said that President Vladimir Putin is on economic matters “realist”. – Putin has a very good understanding of the current situation. He listens to advice of economists, including my – he said.

CRISIS IN UKRAINE – special service & gt; & gt; & gt;

IAR / PAP / and

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Kremlin provides: Russia will not abandon Europe to China – Polish Radio

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