Medvedev: Russia will take retaliatory restrictive measures against European sectoral

Medvedev: Russia will take retaliatory restrictive measures against European sectoral

MUNICH, February 13. Prime Minister Dmitry Medvedev said that Moscow will not take reciprocal restrictive measures against Europe sector.

He said that during meetings with Western politicians and businessmen have heard of the proposal to remove certain restrictions imposed by the Russian Federation in response to Western sanctions. “We can’t do that, because these restrictive measures are of a reactive nature and not allow it to do under the WTO rules,” explained the head of the Russian Cabinet.

“Our position is that to start, these sanctions are imposed,” – said Medvedev.

According to him, “vacant market niches instantly take competitors”. “Under the impact of technological progress for the Board, there are often entire businesses, and even industries”, – Medvedev said.

About relations with Germany

Medvedev believes that the policy doesn’t allow you to return to your level of Russian-German economic relations.

“Germany has been and remains our major trade and economic partner in Europe and one of the most important trade and economic partner in the world, in fact second only to China, and that the economy should be a priority of our development”, – said the Russian head of the Cabinet of Ministers at a Breakfast meeting with businessmen of the two countries.

According to him, Moscow and Berlin “has seen better days, when the political part in the relationship was different, but now this situation”.

About “sanctions opposition”

Dmitry Medvedev is disappointed by the level of trade with Germany because of the sanctions, but I am sure that the political goal of anti-Russian sanctions will not lead to intended results.

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“The main problem today is not the sanctions, which always end and always the same – nothing, main problem is the lost opportunity and lost money,” said the Russian head of the Cabinet at business Breakfast with entrepreneurs of the two countries. According to him, “it’s the saddest reality that we have today”.

“Because of the sanctions confrontation, but also because of falling energy prices and some other structural problems during the past year we lost the turnover more than one-third,” stated Medvedev. He said that the trade turnover with the European Union with Russia decreased by almost half. He recalled that “at the peak (of the relationship), the turnover amounted to €450 billion and now €217-235. “Suffer the interests of specific businesses that lose years established position in the market”, – said Medvedev. He believes that “it is not profitable”. “The question also is, will this lead to political results expected by the political circles in making relevant decisions (about the introduction of anti-Russian sanctions) is no, also will not bring”, – says the Chairman of the Russian government. He recalled that when Russia and the USSR were subjected to economic sanctions, in previous years, this did not lead to results. “I’m not trying to understand who is right and who is wrong, just makes no sense”, – said the Prime Minister.

He added that “sanctions are not the answer long-term economic interests”.

The longer sanctions last, the smaller the chances of Europe to maintain its position in the Russian market, you need to act quickly, said Medvedev.

Of lifting sanctions

Medvedev believes that if the West is going to lift the sanctions against Russia, then he needs to act faster.

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“We have many joint projects in industry, energy, metallurgy, transportation, chemistry, mechanical engineering, thousands of jobs, more than 5.5 thousand companies with German participation have their history in the Russian market”, – said the Russian head of the Cabinet of Ministers at a Breakfast meeting with businessmen of the two countries. He acknowledged that the Russian economy now “is not in the simple period of development”. “It’s difficult for us, but overall we’re doing fine, adapting to dramatically changed conditions, falling prices (for oil) is sensitive, but the margin of safety at us quite good: minimal public debt, considerable reserves,” said the Prime Minister.

He also noted that last year Russia has completed “a surplus balance of trade and payments”. “The ruble’s decline has opened up new opportunities for increasing the export potential” – said the Prime Minister.

In his opinion, “it is important to use this window of opportunity to change the structure of the Russian economy”. The Prime Minister reminded that Russia is actively engaged in import substitution and have already felt the impact.

“We understand that the longer the sanction, the less likely the Europeans to maintain their position in the Russian market and as suppliers and as investors,” he said. Therefore, in the opinion of the Russian Prime Minister, “we need to act faster.”

“We hope to work together in our market with European companies in the future”, – assured the Prime Minister. He noted that Russia will continue to develop innovations, high technologies. “We will strengthen the competitiveness of our economy and try to move in this direction”, – said Medvedev, adding that great potential of cooperation in the automotive industry, transport engineering. “We are pleased to continue this kind of work with German partners,” he said.

He thanked the German partners, which in the current environment continue to work in Russia. “For us it is important that the partners build long-term plans of work in Russia, create jobs, contribute to the emergence of high-tech industries”, – said the head of the Cabinet.

On the gas pipeline “Nord stream-2”

Medvedev believes that the project “Northern stream-2” has been politicized by some Western countries, but hoped that it would be implemented.

“Nord stream-2″ project, which is important, but, nevertheless, politicized”, – said the Russian head of the Cabinet of Ministers at a Breakfast meeting with businessmen of the two countries. He said that “Nord stream-1” works with the download more than 70 percent, while Western countries do not bear the transport risk. “This project increased the energy security of Europe, now on the verge of “Nord stream-2″, but unfortunately, as in any large business, some States are trying to artificially politicize, although we can see the interest in the second phase of the project of a number of countries,” said Medvedev.


Medvedev invited German businesses to participate in the St. Petersburg international economic forum and the Economic forum in Sochi in 2016.

“It is obvious that cooperation today there is no alternative – this is clear both in Russia and in Germany”, – said the Russian head of the Cabinet of Ministers at a Breakfast meeting with businessmen of the two countries. He admitted that the Russian authorities feel “prompted entrepreneurs to restore full-scale cooperation”. In his words, “some steps are made”. For example, he cited the reopening of the forum “Petersburg dialogue”, as well as the meeting of the Russian-German biznesplan.

“We hope that this dialogue will continue at the international economic forums in St. Petersburg and in Sochi, so allow me to invite to participate on these sites,” Medvedev said.