Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
Vladimir Ilyichev thanked Germany for support of the Nord Stream 2 project
4 June 2021 17:45

Deputy Minister of Economic Development of Russia Vladimir Ilyichev expressed the gratitude to Germany that supported implementation of the Nord Stream 2 project despite the opposition of a number of European Union countries.

“We are grateful to our German colleagues for their position on this matter. We believe that this is an absolutely correct project. We hope it will be launched. Because any other development of the situation is completely unreasonable,” said Ilyichev in the course of the “Russian and German relations after the pandemic: together or apart?” discussion at SPIEF-2021.

The Deputy Minister noted that mutual trade between Russia and Germany was negatively affected by the coronavirus pandemic in 2020. However, the turnover began to recover this year: in the first quarter it grew by 7% compared to the same period of the last year.

“We hope that it will continue to grow and the recovery pace will accelerate. It is clear that this will be strongly depend on changes in fuel prices, including those caused by the structure of our trade turnover. Nevertheless, we see some growth in other segments as well,” explained the Deputy Minister of Economic Development.

He also recalled that the Russian-German Economic Council is functioning, the Russian part of which is headed by the Minister of Economic Development of the Russian Federation Maxim Reshetnikov. This structure was created to expand Russian-German investment cooperation and make Russia more attractive from the investment point of view.

“The main purpose of this Council is to discuss any problems of German business in Russia and Russian business in Germany. We have already held two meetings of this body,” noted Vladimir Ilyichev.

Дата публикации: June 4, 2021
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