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German entrepreneurs are investing in projects in Russia

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German entrepreneurs are investing in projects in Russia

Russian First Deputy Prime Minister Andrey Belousov held an online meeting with the heads of major German companies that are members of the Eastern Committee of the German Economy and have active operations in Russia. Following the results of the negotiations, an agreement was reached to create a working group for the implementation of joint investment projects.

Belousov informed the foreign partners of the economic measures taken by the Russian authorities to counter the effects of the pandemic, and also spoke about the country's development goals to 2030, the work to adjust national projects, and new opportunities for foreign investors.

During the negotiations German business representatives reaffirmed their willingness to engage in a constructive and non-politicised dialogue.

As a result of the videoconference the parties defined the key areas for further cooperation; it is the support and development of investment projects in Russia, first of all in hi-tech sphere.

The sides also plan to implement joint projects that will enable them to supply products to third countries, develop small and medium-sized enterprises, work together to protect the environment and cooperate on healthcare projects.

Made in Russia // Made in Russia

Author: Ksenia Gustova

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