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Russia to Approach Third-Country Markets Together with Greece
Russia and Greece are staging joint entry to third-country markets related to construction and upgrade of industrial and energy facilities, said Agriculture Minister Alexei Gordeev. Gordeev co-chairs the joint intergovernmental commission of Russia and Greece.
The interaction of Russia and Greece has established both on political and economic levels and that interaction has no contradictions of significance, Gordeev specified. In the foreign trade turnover of Russia and Greece, Russia will mostly focus on raw exports, aiming at stepping up deliveries of high-tech goods, machinery and equipment.
The surge in direct investments both in economies of Russia and Greece is well-expected. Greek investors may be attracted to construction of Olympic facilities in Sochi, the minister specified.
According to Gordeev, the turnover of Russia and Greece usually steps up 40 percent each year, but the trend changed in 2007 due to the drop in crude oil supplies. Russia has a trading surplus of $2 billion with Greece, which could be mostly blamed on imperfect structure of Russia’s exports, where the export of energy feedstock accounts for 80 percent.
www.kommersant.com
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