Arab Today, arab today putin makes pitch for better europe ties as economy suffers
Last Updated : GMT 06:55:28
Arab Today, arab today
Arab Today, arab today

Putin makes pitch for better Europe ties as economy suffers

Arab Today, arab today

Arab Today, arab today Putin makes pitch for better Europe ties as economy suffers

Russian President Vladimir Putin
Saint Petersburg - Arab Today

Russian President Vladimir Putin on Friday said he was willing to reach out to Europe to mend relations shattered by the Ukraine crisis but insisted the West was responsible for the bad blood.

Putin was making a pitch at Russia's major annual economic forum in Saint Petersburg to improve business ties with Europe, as Moscow desperately tries to breathe life into its recession-hit economy battered by Western sanctions.

"European business wants and is ready to work with our country. European politicians need to reach out to business, to show wisdom, far-sightedness and flexibility," said Putin.

"We remember how all this started. Russia did not initiate today's collapse," he added.

"We hold no grudge and are willing to reach out to our European partners but obviously this can't be a one-sided game."

Russia's energy-driven economy is locked in its longest slump since Putin came to power over 16 years ago, caused by both Western sanctions and plunging oil prices.

- Crimea sanctions renewed -

As Putin was talking news emerged that the European Union had rolled over for another year sanctions adopted in response to Moscow's March 2014 annexation of Crimea, which prohibit the EU from doing business on the peninsula.

Sources in Brussels say that broader economic sanctions over a pro-Russian uprising in east Ukraine that have hit Russia's financial sector could be extended by the EU as early as next week ahead of their expiration at the end of July.

Russia in August 2014 introduced an embargo on a raft of food from the West in retaliation for the sanctions.

Italian Prime Minister Matteo Renzi, who sat next to Putin on the stage, came to the economic forum with a large delegation of businessmen.

He pointed out that the spiral of tit-for-tat measures have hit European producers.

"The sanctions and those put in place in reprisal negatively affect both Russian and European companies," he said in an interview with TASS news agency. "Both sides suffer."

Speaking Thursday at the forum the head of the EU commission Jean-Claude Juncker warned Russia that the economic sanctions would not be dropped until Russia fully implemented a peace deal to end the conflict in east Ukraine that the West blames on Moscow.

"The next step is clear: full implementation of the agreement -- no more, no less," Juncker told Russia's main economic forum ahead of a meeting with Putin.

"This is the only way to begin our conversation and the only way to lift the economic sanctions that have been imposed."

The Juncker-Putin meeting -- their first in Russia since the EU imposed sanctions -- had sparked Kremlin hopes it might signal the start of a return to business-as-usual with the bloc.

Putin, who has previously insisted that the worst of Russia's economic crisis is over, said he was targeting a return to growth rates of "no lower than four percent".

But Russia's gross domestic product shrank by some 3.7 percent last year and the IMF predicts its economy will contract by 1.5 percent this year before experiencing modest growth in 2017.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today putin makes pitch for better europe ties as economy suffers Arab Today, arab today putin makes pitch for better europe ties as economy suffers

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today putin makes pitch for better europe ties as economy suffers Arab Today, arab today putin makes pitch for better europe ties as economy suffers

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday