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The EU to Invest a Billion Euros in Russia's Modernization
9.06.2011 13:23
The EU to Invest a Billion Euros in Russia's Modernization

European and Russian banks will allocate 2 billion dollars for the program "The partnership and modernization".
       Today, a summit EU-Russia opens in Nizhnii Novgorod. The mechanism of co-financing will be developed at the meeting. Russian partners of the program are: Sberbank and EBV, the European partners are European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD).
       At the talks gas pipeline projects and visa-free travel will be also discussed. According to the Wall Street Journal, the two sides will also discuss "stress tests of nuclear power sites, with the EU seeking to persuade Moscow to carry out tests that match the EU's criteria—and shut down plants that fail".

Author: Ksenia Dzhalagonia

Tags: Russian business invest    

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