Registration was successful!
Please follow the link from the email sent to

Spain, Russia Should Team Up in Spheres Not Targeted by Sanctions – Ambassador

Spain's ambassador to Russia highlighted transport infrastructure, renewable energy, telecommunications and tourism as being among the most promising areas for bilateral cooperation.

MOSCOW (Sputnik) — Spain and Russia should develop cooperation in those economic sectors, which are not affected by Western sanctions, Spanish Ambassador to Russia Ignacio Ybanez Rubio told Sputnik.

"There are many areas that were not affected by sanctions, where, as we see, other European countries develop economic cooperation. We have seen how year by year the export of Spanish products to Russia and Russian goods to Spain has been reducing. On both sides, there was a desire to reverse this trend. The economic situation in Russia and in Spain has improved, allowing [us to] start the year with good indicators," Ybanez said in an interview.

Spanish entrepreneurs wanted to cooperate in diversification of the Russian economy, which remained dependent on oil and gas sector, the Spanish ambassador noted.

"Spain and its companies want to cooperate in this process and can share experience, technology," Ybanez added.

Among the most promising areas of bilateral cooperation, Ybanez highlighted transport infrastructure, renewable energy and telecommunications.

The ambassador also stressed good prospects of cooperation in the field of tourism.

"Spain has much to share with Russia in the tourism sector and to help its rapid development," Ybanez emphasized. In addition, the ambassador expressed hope that Spanish tourism companies, hotel chains in particular, would expand their presence in the Russian market.

At the request of the Russian side a bilateral working group of small and medium-sized businesses would be created, the diplomat stated. As small and medium-sized enterprises are the foundation of the Spanish economy, "the system of the integrated support for this kind of companies can be very useful for Russia."

View of the Moscow Kremlin from the Bolshoy Moskvoretsky Bridge. (File) - Sputnik International
'No Mercy': Russia 'Should Prepare to Live Under Sanctions Indefinitely' - PM
Ybanez added that the session of the bilateral intergovernmental commission, which is expected to be held on Monday with the participation of the two countries’ energy ministers, Alexander Novak and Alvaro Nadal, as well as a business forum with the participation of major companies such as Repsol and Gas Natural Fenosa, would give a significant impetus to bilateral economic cooperation.

The business forum will be attended by representatives of enterprises in energy, railways, and construction sectors, companies dealing with manufacturing of construction materials as well as with automotive and agricultural sectors, the head of Spanish diplomatic mission in Russia outlined.

To participate in the discussion
log in or register
Заголовок открываемого материала