European Commission President Jean-Claude Juncker is becoming the spokesman for bring Russia back into Europe’s daily economic life. He said it in Germany in October. He said it again at the G-20 meeting in Turkey. And following the Paris terrorist attacks recently, his call to integrate Russia with Europe may no longer fall on deaf ears.
The momentum of favorable E.U.-Russia politics is a positive for Russia investment.
After the G20 summit last weekend, Juncker reportedly wrote a letter to Russian President Vladimir Putin where he expressed his support for greater economic cooperation.
“The decision on the circumstances in which to proceed along this path is in the hands of the member states of the European Union and should in particular by synchronized with the implementing of the Minsk agreements,” Juncker wrote, according to Reuters.
Dmitry Peskov, Putin’s spokesman said that Europe shouldn’t hinge its newfound interest in Russian business with the outcome of the Minsk II Accord. That agreement was made between Russia, Ukraine and Europe regarding a separatist movement in east Ukraine supported by the Russian government. The agreement stands in the way between Russia and Europe removing sanctions on each others economies. Europe has banned long term financing of Russian firms, and Russia has banned the import of some European foods.
Peskov said waiting for Minsk II to be golden “is unlikely to be relevant and hardly possible.” He blamed Ukraine’s government for fostering civil unrest in the Donbass region of east Ukraine.