Azimov and Reiner: Russia-Croatia relations on the decline

Croatia loses 40 million euros annually on account of the sanctions regime between the European Union and Russia, and relations between Zagreb and Moscow are on the decline, Russian Ambassador Anvar Azimov said during talks with Croatian Parliament Speaker Zeljko Reiner in Zagreb on Monday.

Azimov said that Russia regarded Croatia as a friendly country, announcing a Russian investment forum for March in Zagreb, a Parliament press release said. He said that Croatia lost about 40 million euros annually on account of the sanctions regime between the EU and Russia, expressing hope that this situation would be overcome soon.

Both Azimov and Reiner assessed that despite the decline in the intensity of bilateral political relations, trade remained significant. They agreed that parliamentary diplomacy played an important role in bilateral relations and called for intensifying it, the press release said.

Last update: Mon, 18/01/2016 - 16:07
Author: 

More from Business

Financial leaders in Davos optimistic about US, but see trade risk

The US economy will likely profit from the planned policies of its new president, as long as Donald Trump does not...

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European...

Freight train from China crosses 12,000 kilometres to London

The first Britain-bound freight train from China arrived in London on Wednesday, completing an 18-day trip across...

US prosecutors finalize 7.2-bln-dollar settlement with Deutsche Bank

The US Justice Department announced a 7.2-billion-dollar settlement Tuesday with Deutsche Bank over allegations that...

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company...