COMMERCE MINISTER - GLOBAL RUSSIA BUSINESS MEETING
Cyprus has and will continue to play a critical role as a logistics and services hub for trade and other business activities from Russia to countries within the EU, Minister of Commerce, Industry and Tourism, Antonis Paschalides said Monday.
In his address at the ``Global Russia Business Meeting`` held in Limassol, Paschalides said, inter alia, that Russia ``plays a key role in the global economy, as evidenced by the high levels of investment inflows and outflows to and from the country`s economy, its leading role in the emerging BRIC economies and its rich natural resources on which many countries rely``.
Referring to the importance the EU attaches to Russia, he said that the EU ``has a vital interest in promoting the prosperity of its largest neighbour. The European and Russian markets are fundamentally complementary``.