Ulyukayev: Russia and Austria must cooperate in the conditions of sanctions

Ulyukayev: Russia and Austria must cooperate in the conditions of sanctions


The Minister of economic development of Russia Alexei Ulyukayev met with the Vice-Chancellor, Minister of science, research and economy of Austria Reinhold mitterlehner the. They discussed trade and economic relations in the conditions of sanctions.

MOSCOW, 3 Feb. Trade and economic relations between Russia and Austria experiencing the best of times, but countries have to succeed, despite the mutual restrictions stated at the meeting on Wednesday the head of Ministry of economic development Alexei Ulyukayev and Vice-Chancellor, Minister of science, research and economy of Austria Reinhold Mitterlehner.

“But it is a story that the good times will never be, the times are always difficult, so you need to work to achieve success in any circumstances. Those who work in the market, you know that you need to earn and at the time of recession, and on the rise”, — said Ulyukayev.

According to him, the history of relations between Russia and Austria is a glorious history, which is not limited to trade, investment, is the history of science and technology, history of cultural exchanges. “We try as we can to contribute to the Treasury of our heritage”, — said the Russian Minister.

For its part, the Vice-Chancellor of Austria raised the issue of EU sanctions and countermeasures Russia, which is forced to operate the businesses of the two countries. “The solution has led to the restriction of bilateral relations. These decisions were taken not at our level. We want to take action against such relations, and therefore I am very pleased that yesterday the intergovernmental Commission and had good results,” said Mitterlehner.

It Tuesday in Moscow have already participated in the meeting of the Russian-Austrian Commission on trade and economic cooperation. At its end the Vice-Chancellor of Austria and Vice-Premier Dmitry Kozak said that the EU sanctions and retaliatory measures of the Russian Federation shall bear the expense of both economies, efforts should be made for their withdrawal, as business communication “tired” from mutual constraints, and the path of sanctions is a dead-end.

Relations between Russia and the West deteriorated in connection with the situation in Ukraine. At the end of July 2014, the EU and the USA from the point of sanctions against certain individuals and companies have moved to measures against entire sectors of the Russian economy. In response, Russia has restricted food imports from countries that have imposed sanctions against her. In June 2015, in response to extension of sanctions, Russia has extended food embargo until 5 August 2016.