Strengthening Economic Ties Between Russia and Germany to be Discussed at SPIEF

Advisor to the President of the Russian Federation Anton Kobyakov met with Professor Klaus Mangold, Chairman of Mangold Consulting GmbH and member of the Roscongress Foundation Supervisory Board, in Moscow. They discussed participation of Germany’s business delegation in the St. Petersburg International Economic Forum that will take place on 2–5 June 2021.

SPIEF 2021 will host the traditional Russia–Germany Business Dialogue with support from the German Eastern Business Association (Ost-Ausschuss der Deutschen Wirtschaft). The Dialogue will focus on technological cooperation and innovative solutions for Russia–Germany energy and environmental cooperation. Participants will address development of Russian-German energy partnership and its role in resolving environmental problems. Other topics will include the contribution of the Russian and German economies to improving environmental friendliness of operations and recycling. 

Participants also discussed the possibility of creating a project office that would help develop cooperation among Russian and German small and medium businesses. The Fund RC-Investments and Mangold Consulting GmbH will sign a cooperation agreement.

“The unprecedented challenges the global community faced in 2020 made efforts to develop economic ties among countries more difficult. But even throughout the year of the crisis, Germany remained one of Russia’s key trade partners and kept investing in new Russian projects: last year’s net investment volume exceeded EUR 1 billion. We are ready to facilitate strengthening economic ties and developing the dialogue on priority cooperation areas between our countries, especially cooperation among small and medium businesses,” said Advisor to the President of the Russian Federation Anton Kobyakov.

Professor Klaus Mangold spoke about priority sessions in the SPEIF business programme, including the ones on oil and gas industry, hydrogen fuel, car building, and healthcare. The meeting also addressed cooperation between Germany and the Russian Direct Investment Fund to launch coronavirus vaccine production in Germany.  

“Our countries must unite their efforts in technological cooperation and searching for innovative solutions to maintain sustainable development. Participation of Germany’s delegation in SPIEF will help find optimal ways to cooperate and successfully implement joint projects in various segments of the economy,” noted Chairman of Mangold Consulting GmbH and member of the Roscongress Foundation Supervisory Board Klaus Mangold.

The Russian-German cross-year “Economy and Sustainable Development” is taking place under the patronage of Russian and German foreign ministers until the end of 2022.

The SPIEF 2021 business programme is being currently developed. Its tracks will cover matters of Russian and global economy, social aspects, and technological development. Besides its business programme, SPIEF will host the Russian Small and Medium-Sized Enterprises Forum, the International Youth Economic Forum, SCO-, BRICS- and ASEAN-related events, a meeting of the B20 Regional Advisory Council, the Creative Business Forum, the Drug Safety and Security Forum, and bilateral events on the Arctic and African agenda.