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Д.Медведев.Ангела Меркель.Пресс-конференция.14.08.09.Part 2

Beginning of Meeting with Federal Chancellor of Germany Angela Merkel.Part 2
August 14, 2009
Sochi

Совместная пресс-конференция с Федеральным канцлером Германии Ангелой Меркель по итогам российско-германских переговоров.
14 августа 2009 года
Сочи

But of course, issues of bilateral cooperation are no less important, and perhaps in certain situations, are even more significant. We discussed those issues at the beginning of todays talks. We reviewed major projects that tie the Russian Federation to the Federal Republic of Germany. We spoke about how we could improve cooperation in certain aspects of those projects and achieve specific results. I think that we will tell you more about it later.

We agreed that we need to continue cooperation in energy sector, including the Nord Stream, as well as many other projects uniting Russia and Germany.

All of these examples demonstrate that even during a crisis period it is possible to find good ways of cooperating that help overcome the effects of the global financial crisis and help create favourable conditions for economic development. Im not going to give you any statistics, but I will merely mention that this year, in spite of the crisis, we saw an increase in investments. This means that we see this kind of cooperation as a way to overcome problems. This is likely very important and should always remain on state leaders radar. We will also discuss some other issues as our meeting and talks are not over.

I would like to once again thank Ms Angela Merkel for the productive dialogue that we had today.

QUESTION: What were you able to promise to Ms Federal Chancellor in regard to preserving jobs in Mecklenburg-Western Pomerania and in regard to Mr Igor Yusufovs active progress with shipyards?

DMITRY MEDVEDEV: Both Russia and Germany are interested in reciprocal investments, but these must be high-quality investments, rather than hyped-up or speculative ones, intended only to make easy money.

As for the shipyards Wadan Yards they are naturally a case of private investments and as a matter of fact the government had not really been involved in the deal. But given that these are quite significant investments which have great importance for the development of our relations and that a large number of people are employed in these shipyards, we have begun to monitor this situation carefully.

I hope that the new pool of investors taking shape now will be much more effective and successful and will be able to resolve challenges in production and in maintaining a workforce. Most importantly, their efforts will ultimately result in getting orders for building ships which can serve a variety of purposes. If their work is organised properly then it will naturally bring good results. Our Government will in turn follow this situation closely, because this is a matter of investment cooperation with our German colleagues, which is most valuable to us.

QUESTION: Via Sberbank, Russia is now truly ready to make serious investments in the German economy. But is there a risk that in crisis time active support of the German economy may harm Russias economy?

DMITRY MEDVEDEV: Indeed, today we are in a mature phase of relations with Germany, our strategic partner in Europe, since we are not only engaged in mutual commerce and we really have been trading much lately, even despite the crisis; we are buying a lot of fuel and engineering facilities but we are also making reciprocal investments. Just now, we have mentioned one of those cases, and perhaps this is a complicated case, but nevertheless, we have an array of projects that bring our economies closer together and, in my view, are extremely important in the current situation.

Why are these investments needed now, in difficult economic circumstances? Precisely because they will help us get out of the nosedive. That is why I placed emphasis in my introductory remarks on the fact that, strange as it may seem, investments between our countries have actually intensified and increased instead of weakening during this period of crisis. This is due to the very fact that now is a time when its possible to make profitable investments and acquire various assets at a price that may be lower than before, and to subsequently boost joint business projects or ones own business. This is true both for the Russian Federation and for Germany. Thus, these kinds of investments do not divert money; on the contrary, they help resolve a variety of challenges challenges that are quite clear to all of us.

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