Siemens will over one year supply Russian electronics concern Ruselprom with 3 million euros worth of variable frequency drives made by the German company under the Ruselprom brand,
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Europe's dependence on natural gas imports will increase to 80% by the year 2030 from the current 48%, the Dutch economic affairs minister said Monday.
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Russia's industry and energy minister will join delegates from throughout the world when the 23rd World Gas Conference opens in the Netherlands Monday.
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AvtoVAZ, Russia's leading carmaker, said Friday it had signed an agreement on technical cooperation for 2006-2010 with German company Bosch.
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Russian wines will become 30% more expensive in the near future after Russia banned wine imports from neighboring Georgia and Moldova, a senior industry official said Friday.
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President Vladimir Putin said Monday he hoped that car-making plants in Russia of U.S.-based General Motors and Germany's Volkswagen would be a success.
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Prior to the EU-Russia summit in Sochi, the European Round Table of Industrialists issued a new report demanding closer economic cooperation between the Union and its largest neighbour.
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EU leaders will fly to the Black Sea resort of Sochi on 25-26 May for a crunch summit meeting on strategic long-term ties between the Union and Russia.
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While Georgia and Moldova are seeking a niche for selling their wine products in the European market, Austria is looking for ways to increase wine exports to the Russian market.
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Georgia's top producer of mineral water said it was in talks with several countries in a bid to re-route exports of its famous brand Borzhomi from Russia to Central Asia.
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