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Statement on the expansion of business ties between the Russia and Germany in the energy sphere will give an important stimulus to bilateral cooperation

July 8, 2004

Speaking at a meeting with representatives of Russian and German business circles, President Vladimir Putin stressed that this is by no means just a political statement: it may mean a new quality of relations for Russian and German businesspeople.

The development of gas resources in Russia and the expansion of the gas infrastructure have key significance for covering the additional demand on the natural gas market, and also to ensure the reliability and security of the gas supply in Germany and Europe as a whole.

July 8, 2004