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EU-U.S.-Russia Economic, Energy, and Trade Relations     Print Email
Thursday, 01 April 2010

On April 1, 2010, The European Institute, in cooperation with the Embassy of the Russian Federation, held a special meeting of its Roundtable on EU-U.S.-Russia Triangular Relations to discuss the prospects and challenges of deepening economic and trade relations with Russia. The Honorable Andrey Denisov, First Deputy Foreign Minister of the Russian Federation, addressed the need for greater triangular cooperation on a variety of fronts, including energy, technology and innovation, and stressed the importance of the Russian Federation’s accession to the WTO. The Honorable Robert Hormats, Under Secretary for Economic, Energy, and Agricultural Affairs at the U.S. Department of State asserted American interest in developing stronger trade and investment relationships with Russia and  the importance of seizing opportunities for greater technological cooperation. Ambassador Richard Morningstar, the U.S. Secretary of State’s Special Envoy for Eurasian Energy viewed triangular coordination as particularly important in seeking to diversify energy sources and supply on both sides of the Atlantic, and urged continued discussions on diversification, innovation and investment. Angelos Pangratis, Chargé d’Affaires of the Delegation of the European Union to the United States encouraged a comprehensive approach, anchored to WTO accession, and cited the EU’s continuing efforts to negotiate a successor to the current Partnership and Cooperation Agreement, establish a partnership for modernization and stabilize energy relations through a clear legal framework.