New Europe: Chubais says politics hinder EU-Russia economic relations
Chubais says politics hinder EU-Russia economic relations
Political issues hinder improvement in economic relations between Russia and the European Union, Unified Energy Systems of Russia head Anatoly Chubais said in Lisbon on October 25, as a co-chairman of a roundtable conference of Russian and European Union industrialists. “Trade between Russia and the EU has approached USD 300 billion and, taking services into account, has nearly reached USD 400 billion. Impressive positive trends have been observed in the investment sector: European investment accounts for up to 80 percent of direct foreign investment in Russia, and it has grown from USD 5 billion to USD 70 billion since 2000,” Chubais said. Russia’s direct foreign investment in Europe is comparable with this figure.
