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Tuesday, August 22, 2017

Medvedev vows to remain trading partners with EU amid Ukrainian crisis

Russian Prime Minister Dmitry Medvedev said this week that the EU will remain Russia's main trading partner despite Urkaine's geopolitical crisis.

Medvedev, speaking at a meeting with trade representatives on Wednesday, said, however, that the crisis has complicated Russia's relations with the EU, ITAR-TASS reports.

"Some call these events a watershed between the past and the future of Europe, but for Russia, this is not so..." Medvedev said, according to ITAR-TASS. "The EU will remain the main trading partner for us for a long time."

Separately, Medvedev said Russia must raise non-raw materials exports by six percent annually, exceeding the global average trading growth rate to drive economic growth.

"Our contribution to the global trade of non raw material goods is insignificant, about 1.5 percent, and it does not suit us," Medvedev said, ITAR-TASS reports.