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2008 June 27   08:00

Russian-EU trade grew over 20% in 2007 - Nabiullina

Russian Economic Development Minister Elvira  Nabiullina  sees  no  problems in Russian-EU relations which cannot be solved, Interfax reports.

"I  do  not  think that there is any global problem which cannot be overcome,"   Nabiullina   told  journalists  on  the  sidelines  of  the Russian-EU summit in Khanty-Mansiisk.

"There  are  certain  problems  in  certain  spheres  which  can be solved," the minister said.

The  EU  is  the  main  trade partner of Russia, which accounts for "over 50% of our foreign trade," the minister said.

Nabiullina  also  noted the dynamic development of bilateral trade: "Growth rates are rather high; trade grew over 20% last year. Investment cooperation  has  been  developing  actively.  And  to  speak  about the dynamics of foreign investments, Europe's share is over 80%."

For its part, Russia has been investing more in EU member states.

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