Putin wants to build economic ties with the Netherlands

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On June 20, Russian President Vladimir Putin met with guest of honor Dutch Prime Minister Mark Rutte at the  17th St. Petersburg International Economic Forum (SPIEF), according to Rbth.

Vladimir Putin at the World Economic Forum Annual Meeting Davos 2009
World Economic Forum/flickr

The two leaders dealt with the concerns on bilateral agenda, while concentrating on business and economic cooperation. They also discussed the agreements made during Putin’s trip to the Netherlands a couple of months ago.

Putin said the unstable status of the worldwide economy had led both countries to expand their trade and economic partnership while implementing cooperative projects.

"We are carrying out a large number of large projects together. It's always important, but it is even more important in the current situation in the world economy," Putin said.

Dutch Prime Minister Mark Rutte said Russia is among Netherlands’ major trading partners in Europe while Russia is one of their three largest trading partners."We want to develop cooperation in other areas too," he said.

The Netherlands follows China as Russia’s largest (volume) two-way trade partner internationally. It is the major trade partner or Russia in Europe. The joint trade increased over 20 percent annually to $82.7 billion, the highest record so far.

Through their Dutch investments, Russia’s economy collected $63 billion at the end of the first quarter this year, as well as around a third in Federal Direct Investments. Russian investments, however, is about $30 billion.