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Proposal Germany: a common with Russia economic zone – from the Atlantic to the Pacific

German foreign Minister Frank-Walter Steinmeier sent a letter to the European Commissioner for trade Cecilia Malmstrom, which calls on the EU to sign a new economic agreement with Russia and to create an integrated economic zone from the Atlantic to the Pacific.

The message contains specific proposals for investment in Russia and on cooperation in the energy sector, said on Wednesday, 2 December, the influential newspaper The Financial Times.

The article says that the agreement is able to prevent the problems that would arise for the European Union with Russia after the accession on 1 January 2016 into force of the trade agreement between Europe and Ukraine. Moscow has repeatedly stressed that this agreement is in conflict with the interests of Russia, and urged to make efforts to avoid negative consequences.

Steinmeier reported that German Chancellor Angela Merkel endorsed his initiative, but the letter was not sent to the member States of the EU officially. The head of the German foreign Ministry emphasizes that the draft political Declaration and not a legally-binding tripartite agreement, said The Financial Times.

The proposal of Steinmeier, however, seriously concerned with the number of countries in Eastern Europe and the Baltic States, which belong to the planned energy Union as a means to get rid of energy dependence on Russia. In the letter Steinmeier, on the contrary, Russia is viewed as a permanent partner in the field of energy, the article says, the translation of which leads InoPressa.

Proposal Germany: a common with Russia economic zone – from the Atlantic to the Pacific 02.12.2015

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