Meanwhile western investment and technology pouring confirms Golitsyn's and
Sutton's fears all along. Because of this Putin has nothing to worry about
regarding sanctions, visa bans and western condemnations regarding Crimea.
http://www.thelocal.de/20140326/siemens-to-invest-long-term-in-Russia
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[image: Siemens 'to invest long-term in Russia']
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Photo: DPA
Siemens 'to invest long-term in Russia'
Published: 26 Mar 2014 16:59 GMT+01:00
Updated: 26 Mar 2014 16:59 GMT+01:00
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* <http://www.thelocal.de/page/view/tag/>German industrial giant Siemens
will be pouring long-term investment into Russia despite outcry over
Crimea, the company reportedly told President Vladimir Putin on Wednesday.*
- *Sanctions on Russia could also hurt Germany
<http://www.thelocal.de/20140324/punishing-putin-could-hurt-germany>*(24
Mar 14)
- *Merkel and Putin discuss Ukraine in phone call
<http://www.thelocal.de/20140323/angela-merkel-and-vladimir-putin-discuss-ukraine-in-phone-call>*(23
Mar 14)
- *Russia slams Germany for halting arms deal
<http://www.thelocal.de/20140323/russia-slams-germany-for-halting-arms-deal-over-crimea>*(23
Mar 14)
<http://www.thelocal.de/page/view/tag/>
Siemens chief Joe Kaeser said at a meeting at Putin's Novo-Ogaryovo
residence outside Moscow that his company "would put the emphasis on
long-term cooperation in the sphere of investment", in comments translated
into Russian by domestic news agencies.
"We will try to create beneficial conditions for our cooperation," said
Putin, whose meeting with Kaeser came amid Western calls for tougher
economic sanctions in response to Russia's takeover of Crimea.
Berlin has been hugely critical of Russia's seizure of Crimea but it
remains to be seen if the diplomatic tensions will affect economic ties
between the two powers.
Putin said that Siemens - which has been involved in several large projects
in Russia including the Sapsan high speed Moscow-Saint Petersburg train -
had been working in the country for 160 years.
"Just in the last two years, Siemens invested EURO 750-EURO 800 million, this is
not a bad figure," said Putin.
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