News // Politics
Russia, Europe Combine Forces
11 May 2005 , 13:00545
Russian President Vladimir Putin and top European Union leaders pledged to join efforts to improve economic cooperation, ensuring better security and developing humanitarian ties between the two powers at a summit in Moscow on Tuesday.
Putin and the EU leaders expressed hope that a new partnership accord would draw a line over an acrimonious year since the EU expanded further into Russia?s traditional sphere of influence, Associated Press reported.
The cooperation agreement, which aims in particular to deepen ties in the economic sphere, where Europe?s thirst for energy and Russia?s need for investment dovetail, was the centerpiece of a Kremlin summit held the day after major World War II victory celebrations in Moscow.
Putin told EU leaders at the start of the summit that the accord should improve ties between the European Union and its giant eastern neighbor. Russia conducts more than half its trade with the 25-member EU, but the two sides have had rocky relations over the past year.
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