The speaker: the European Union remains the largest trade partner of Russia

The speaker: the European Union remains the largest trade partner of Russia


Russia ready to resume full-scale dialogue with the EU and feels the same commitment from European partners, said the Minister of economic development Alexei Ulyukayev.

MOSCOW, 9 Dec. The European Union remains the largest trading partner of Russia, occupying nearly half in the overall structure of trade of the Russian Federation, said Minister of economic development Alexey Ulyukayev at the meeting with the Minister of economy of the Slovak Republic Vassil Hoodak.

At the meeting, the Ministers of economy of two countries discussed prospects of cooperation between Russia and the EU, reports the press service of the Ministry of economic development. Slovakia 1 July-31 December 2016 EU presidency.

The speaker noted that the EU remains a strategic trade and economic partner, accounting for over 45% of the Russian turnover. “Today is often, there are claims that Russia allegedly turning away from Europe, looking for new business partners, primarily in Asia. It is absolutely not true and we are equally interested in developing cooperation with both the East and the West,” he said. The Minister stressed that Russia is ready to resume full-scale dialogue with the EU and feels the same commitment from the European partners.

In the negotiations we spoke about the state of bilateral trade and economic relations, macroeconomic situation in Russia and Slovakia. “Our relations in most areas are developing in a positive direction,” he added. However, given the difficult situation in world trade, the trade turnover between the two countries in January-October 2015, reduced by 35% and amounted to $ 4.6 billion.

According to the speaker, the restrictive measures by the EU, which have to follow Slovakia, despite his negative attitude towards them, causing obvious damage to the business. “However, we still have many projects of bilateral investment cooperation, our countries continue an active dialogue on various levels,” he added.

The Minister of economy of the Slovak Republic also noted that Russia is an important partner for his country. “If there’s a will, we will find a way to cope with all the problems,” he said. According to Hoodak, there are areas for good cooperation, specific projects and interested businesses.