Ad
Microelectronics - about 25 percent of Russia's GDP and almost half its state budget come from oil and gas income as things stand (Photo: Tambako the Jaguar)

EU to help Russia modernise its economy

The upcoming EU-Russia summit is to see the launch of a new initiative designed to help bring Russia's petro-dominated economy into the modern age.

The "Partnership for Modernisation" began as a conversation between EU commission chief Jose Manuel Barroso and Russian President Dmitry Medvedev at the last EU-Russia summit in November. The two sides are now racing against the clock to agree a joint communique for the top-level meeting in Rostov-on-Don on 31 May.

The EU commission i...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Microelectronics - about 25 percent of Russia's GDP and almost half its state budget come from oil and gas income as things stand (Photo: Tambako the Jaguar)

Tags

Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Ad
Ad