BRITAIN WILLING TO INVEST IN RUSSIA'S CONSUMER SECTOR

Subscribe
MOSCOW, June 25 (RIA Novosti) - The United Kingdom would like to increase its investment in the consumer sector of the Russian economy, Industries and Energy Minister Viktor Khristenko of Russia told reporters Friday, after a meeting with the visiting British Trade and Industry Secretary, Patricia Hewitt.

As Khristenko noted, the bulk of British investment has until recently been going to fuel and energy projects, with the largest of them being Sakhalin II, in which the oil giant Royal Dutch Shell is contributing.

Now the British side is going to focus on the food and tobacco industries, he said. By way of example, he cited Gallaher Group Plc, a UK-based tobacco company which is now widening its presence in Russia. The British are also showing interest in cooperating in the aviation industry. "We have begun using Rolls-Royce engines on Russian aircraft already," Khristenko reported.

At their meeting today, Ms Hewitt and the Russian Minister agreed to restart the operations of the joint working group for aircraft building. The group is to resume its work at the next Fairborn air show, he added. The two ministers reportedly reached a similar agreement on the joint working group for energy.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала