The economy Minister of Germany will meet in the Russian talks on energy

The economy Minister of Germany will meet in the Russian talks on energy


The Minister of economy and energy of Germany, Vice Chancellor Sigmar Gabriel from 28 to 29 October, will spend in Moscow a number of negotiations on energy and economic policy issues, including with Russian President Vladimir Putin, said the Ministry.

BERLIN, 28 Oct. Tatyana Firsova. The Minister of economy and energy of Germany, Vice Chancellor Sigmar Gabriel from 28 to 29 October, will visit Russia, where he will hold talks on energy, said the Ministry received on Wednesday at RIA Novosti.

On the eve of the President’s press Secretary Dmitry Peskov told journalists that on Wednesday, Vladimir Putin will hold a brief conversation with Gabriel.

“The Minister of economy and energy Sigmar Gabriel on 28-29 October 2015, visits Russia. In Moscow he will hold talks on energy and economic policy issues, including the planned talks with President Vladimir Putin”, — informs the Ministry of economy of Germany.

As specifies the Ministry, the economic relations with Russia since 2013 stagnate. “The reason primarily is the difficult economic situation in Russia as a consequence of weakened market conditions combined with lower energy prices, which account for the bulk of imports from Russia,” — noted in the Ministry.

According to the German authorities, the volume of trade turnover between the two countries in 2014 amounted to 67.7 billion euros. The volume of Russian exports to Germany amounted to 38.4 billion Euro (down 6.9 percent compared to 2013). The volume of German exports to Russia amounted to 29.3 billion euros (a decrease compared with the previous year 18.1%).

“In the first half of 2015, the volume of goods imported into Germany from Russia amounted to 15.4 billion euros (-24% in comparison with 2014), the volume of goods exported from Germany to Russia, amounted in the same period of 10.5 billion Euro (minus 31, 5%)”, — stated in the message of the Ministry.