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  Wednesday, November 13, 2019
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Vladimir Putin said he was assured that "the future will bring about a full-fledged technological and industrial alliance between Russia and Germany"
Russian President Vladimir Putin, speaking at the opening ceremony of the Russian-German Day of Economics at the Hannovermesse, said he was assured that "the future will bring about a full-fledged technological and industrial alliance between Russia and Germany." Putin expressed his certainty about the importance of meetings within the forum and described them as a possible "starting point for promising joint projects that could enrich and diversify the range of vibrant Russian-German business partnership." Putin underscored Germany's leading place among nations cooperating with Russia. Germany, he said, accounts for about 10% of Russia's foreign economic activities, and the turnover between the two countries amounted to more than $27 billion last year. "German businesses are building up activities on Russian market; they are aware of its attractiveness and [high] prospects," Putin said, "[Russia] is currently home to 3,500 partly German-owned companies." According to the Russian leader, Russia and Germany "have laid a great groundwork for business cooperation." "Today we have every opportunity to make a new step toward the expansion, diversification, and improvement of economic ties," he stressed. Speaking about the Russian-German Day of Economics, Putin said: "The exhibition is impressive. The Russian-German Day of Economics will hopefully help develop economic ties across Europe." He said about the Russian energy sector that "Russia is not going to give up its natural advantage," but, at the same time, "We do no want the economy to grow only in one sector; we do not want to see so many [of our countrymen] living beyond the poverty line."
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