Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-948"

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"en.20081021.39.2-948"2
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"This manifests itself in the economic sector in Russia’s need for European Union investment and technology. The European Union needs Russia’s raw materials. In 2001, EU Member States accounted for 79% of Russian foreign investment to the tune of nearly USD 30 billion. In May 2004, the twenty-five European Union Member States’ share of Russian foreign trade stood at 55%. It is not in the interest of the Member States of the European Union to allow our relations with Russia to deteriorate. The Union needs to diversify its supply of crude oil and natural gas. Thanks to its political and economic potential, Russia is a serious partner for the European Union. If the European Union wanted to promote ideas on the international arena which differ from those of the United States, then Russia’s political support could provide the key to their implementation. For example, the Kyoto Protocol took effect following Russia’s ratification of the document, in exchange for which the European Union agreed to Russia’s membership of the WTO."@en1

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