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Russia and Sweden agree to strengthen ties

17 March 2020
Россия и Швеция договорились наращивать сотрудничество

A meeting has taken place in Moscow between Advisor to the President of the Russian Federation Anton Kobyakov and Ambassador Extraordinary and Plenipotentiary of Sweden to the Russian Federation Malena Mård. The individuals discussed developing business dialogue between Russia and Sweden, cooperation in the Arctic, participation in international events, and new ways of working together.

«In 2019 Sweden became one of the 10 biggest foreign investors in the Russian market. In total, more than USD 5 billion in direct investment was made by Swedish companies. Around 500 Swedish companies operate in the Russian Federation. I firmly believe that there is excellent potential to further diversify the ways in which our nations can work together on new projects encompassing the economic sphere, energy, the development of northern regions, and the cultural and humanitarian sector,» said Kobyakov.

Cooperation on matters concerning the Arctic is a particularly important matter for Russia and Sweden. The two nations work together within numerous multilateral bodies. These include the Council of the Baltic Sea States, the Barents Euro-Arctic Council, the Arctic Council, and the Northern Dimension. In addition, the countries play a key role in the partnerships forged by these bodies. These aspects, together with environmental protection, form the main agenda for cooperation between Russia and Sweden in the region.

Every two years, Russia hosts the ‘Arctic: Territory of Dialogue’ International Arctic Forum. Discussions at the event focus on several key areas affecting the development of the Arctic. These include the development of new technology, improving human capital in the Arctic, the economics of growth in the region, the rational use of resources, and sustainable development.

«I took interest in the information on the International Arctic Forum that will take place in Russia in 2021. I will immediately inform my colleagues in Stockholm about that. It is really important to develop cooperation with other countries, when it comes to the Arctic region. Participation of the Swedish delegation headed by Sweden’s Prime Minister Stefan Löfven demonstrated how important the Arctic agenda is for Sweden,» commented Ambassador Extraordinary and Plenipotentiary of Sweden to the Russian Federation Malena Mård. Besides, Madam Ambassador assured the Russian party that she would inform members of the Swedish business community and the country’s officials about other events organized by the Roscongress Foundation: the Eastern Economic Forum in Vladivostok in September 2020 and the Russian Energy Week in Moscow in October 2020.

Participants also discussed ways to increase dialogue between Russia and Sweden, including through joint initiatives and the establishment of a project development centre set up by the Roscongress Foundation and an authorized Swedish organization. This centre would aim to coordinate action and establish a joint plan on mutual investment and business projects implemented in partnership between the two countries. The first priority will be to exchange proposals on promising areas in terms of investment, export, trade and commerce, attracting investors, and promoting projects. It will also prioritise the sharing of expert and analytical information.

Info: Over the past four years, the Embassy of Sweden together with Business Sweden (a regional partner of the Roscongress Foundation) and the Roscongress Foundation have been organizing events during the International Arctic Forum and St. Petersburg International Economic Forum. Thus, the Russia—Sweden Business Dialogue took place at SPIEF 2019, which involved several senior executives from leading Swedish companies.