putin makes pitch for better europe ties as economy suffers
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
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*

putin makes pitch for better europe ties as economy suffers 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*

putin makes pitch for better europe ties as economy suffers putin makes pitch for better europe ties as economy suffers

 



GMT 09:26 2017 Wednesday ,06 September

Kuwait condemns violations against Muslims in Myanmar

GMT 08:57 2017 Thursday ,06 April

Turkey says chemical weapons used in Syria attack

GMT 22:47 2016 Saturday ,17 December

Ajman to host International Pro Jiu-Jitsu Championship

GMT 14:52 2018 Friday ,14 December

Michel Aoun meets Rahi in Baabda

GMT 09:20 2017 Thursday ,13 April

Trump Discusses Syria Strikes with Merkel and May

GMT 06:07 2017 Tuesday ,14 February

Rain hits UAE, major traffic jams follow

GMT 12:01 2017 Thursday ,28 September

Ben Stokes included in England's Ashes squad

GMT 14:45 2017 Thursday ,16 March

El Jaish Win Qatar Men's Basketball League

GMT 12:27 2017 Tuesday ,01 August

Tangier Charms Gabonese President Ali Bongo

GMT 02:35 2017 Saturday ,04 February

Sharif calls for solution to Palestinian issue

GMT 08:45 2017 Friday ,03 November

Apple delivers higher profit

GMT 11:27 2017 Wednesday ,08 February

First Turkish minister visits Israel since 2010
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday