Minister hopeful about economic ties with Russia

Swiss Economics Minister Johann Schneider-Ammann says there is great potential for Switzerland and Russia to further their economic ties.

This content was published on July 11, 2011 - 21:05 and agencies

Schneider-Ammann was speaking on Monday to Russian captains of industry in Moscow, as part of a four-day visit to the country.

The economics minister told the audience that interest from Swiss companies wishing to expand to Russia was growing.

“I'm sure that Switzerland with its modern economic structure, its potential in know-how and innovative high-technology products can be an interesting partner for Russia in the process of realizing its ambitious modernising efforts,” Schneider-Ammann said.

However, Frank Schauff, the director of the Association of European Businesses in the Russian Federation, told Schneider-Ammann and other members of the Swiss delegation that Russia had not yet recovered from the economic crisis.

Analysts expect the Russian economy to grow by around 3.5 per cent over the next few years, with inflation around eight per cent. In 2008, the economy grew by eight per cent.

On Wednesday, Schneider-Ammann will take part in a meeting between this year’s Swiss president, Micheline Calmy-Rey and Russian President Dmitri Medvedev.

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?