Russia-EU Summit

6C92DD16-555B-4D69-88FE-53EA943A4E5C_mw1024_n_s

The Russian President had a private meeting with European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso. The meeting was at the EU’s initiative.

The meeting continued in a working lunch format with participation by the delegations’ members.

Following the summit, the Joint Russia — EU Statement on Combating Terrorism was adopted.

Vladimir Putin, Herman Van Rompuy and Jose Manuel Barroso gave a joint news conference.

* * *

Press statement and answers to journalists’ questions following Russia-EU summit

PRESIDENT OF RUSSIA VLADIMIR PUTIN: Ladies and gentlemen,

The meeting with our European partners and friends took place in a truly business-like and very open and constructive atmosphere.

This time the format of the meeting was changed on the suggestion of our colleagues from EU headquarters. We had a substantive discussion in a narrow format, which was followed by a business lunch in expanded format, where experts could voice their positions on current affairs and prospective issues.

The most important thing is that we had a very frank discussion of issues on our bilateral agenda. We discussed strategic goals and tasks of our cooperation, including prospects for the creation of a common economic and humanitarian space stretching from Lisbon to the Pacific coast, which my colleagues have already mentioned.

I would like to note that the EU accounts for almost half of Russia’s foreign trade, and our mutual trade turnover continues to grow despite the unfavourable situation in the global economy. Thus, last year it went up by at least 1.7%. The year before we reached a record number of $410 million in trade turnover. I believe we will exceed that figure for 2013.

It is a well-known fact that Russia is a major supplier of hydrocarbons to the European Union. Our gas accounts for 24% of the [EU’s] overall fuel balance, oil – for 27%.

Russia and the EU are closely cooperating in investment. Over 60% of Russia’s foreign investments are made in the EU countries: our companies have invested there some $80 billion. In their turn, the European companies are in the lead among investors in Russia’s economy: their total investment constituted $288 billion.

European business is broadly represented in practically all areas of the Russian economy. EU companies are taking part in the implementation of the Nord Stream and South Stream projects to develop the energy infrastructure. European technologies and equipment play a major part in upgrading Russian industry. We have created joint aircraft assembly facilities involving a number of European companies; we produce high-speed trains with the participation of Siemens; we have built auto factories together with Renault, BMW and Volkswagen and factories to produce agricultural machinery with Fiat and so on.

We are also strengthening our cooperation in science and technology. 2014 has been declared the Russia-EU Year of Science, with over 200 events on the agenda.

In other words, our cooperation is of a large-scale and multi-faceted nature. However, we have to set ourselves targets that are more ambitious. One of them is to link the European and Eurasian integration processes. I am convinced that there are no contradictions between the two models: both are based on similar principles and norms of the World Trade Organisation; they could effectively complement each other and contribute to the growth of mutual trade turnover.

To be continued.