St. Petersburg hosting Russian-German Commodity Forum

The forum dedicated to cooperation between the two countries has been held in St. Petersburg for the 12th time.

St. Petersburg is hosting the 12th Russian-German Commodity Forum. The delegates, among whom are politicians, businessmen, professors and students of the two countries’ leading universities discuss cooperation between Russia and Germany and between their regions.

Digitalization of primary industries, as well as cooperation options for Russian and German higher educational establishments are on the agenda of the numerous plenary sessions, panel discussions and round tables in the Mining University.

Speaking at the forum, Valentina Matvienko, Chairperson of the RF Government, said that at present there are 4.5 companies with a German capital operating in Russia. 

Welcoming the forum delegates, St. Petersburg Governor Alexander Beglov noted that Russia and Germany have a successful history of cooperation in primary industries. The economy of St. Petersburg has been closely connected with German industrialists historically. 

In 1853, Werner Siemens opened a subsidiary of his company in St. Petersburg, and the worldwide success of Siemens is much due to the large orders from Russia, he reminded.

The Governor added that Germany is one of the major trade partners of St. Petersburg rating the second in terms of both export and import.

Photo: St. Petersburg TV channel