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Russia - German business in Russia counts on the success of Scholz's visit to Moscow

Russia (bbabo.net) - German business in Russia has high hopes for the meeting between Federal Chancellor Olaf Scholz and President Vladimir Putin in Moscow, said Rainer Seele, president of the Russian-German Chamber of Commerce.

According to him, Russian-German relations make a significant contribution to the cause of peace and prosperity. "What will the complete severing of contacts and the freezing of all projects lead to, as some frivolously demand? This will bring us not a reduction, but an increase in confrontation," the president of the VTP is sure.

According to the Bundesbank, despite the restrictions associated with the coronavirus pandemic and sanctions, the net investment of German companies in Russia over the past five years, taking into account the withdrawn capital, amounted to about 7.6 billion euros.

Seele called for the intensification of bilateral contacts. He noted that in the current situation, it is necessary not to reduce, but to increase the number of sister cities and youth exchanges, to hold more joint cultural events, such as the Year of Germany in Russia and the current cross-year of Economy and Sustainable Development.

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The Russian-German VTP represents the interests of German business in Russian business in Germany. With over 1,000 member companies, VTP is the largest foreign business association in Russia. At the moment, 3651 companies with German capital are represented on the Russian market.

Russia - German business in Russia counts on the success of Scholz's visit to Moscow