From energy to culture: Putin held talks with the leader of South Korea

© RIA Novosti / Alexei Druginderal in Photobacterium of the Russian Federation Vladimir Putin during a meeting with the President of the Republic of Korea moon Jae Otherwise. 22 Jun 2018From energy to culture: Putin held talks with the leader of South Korea© RIA Novosti / Alexei Druginderal the image Bank

In Moscow have passed negotiations of Vladimir Putin and moon Jae-In. Following the meeting, the Russian and South Korean leaders adopted a joint statement.

The two sides also signed a number of bilateral documents. The Russian President said that the dialogue was held in a businesslike and constructive atmosphere.

«We discussed the state and prospects of bilateral relations and exchanged views on topical issues of the international agenda. Reached important agreements on further expansion of Russian-Korean cooperation, which are recorded in a joint statement, as well as in a solid package just signed interagency and corporate documents,» he said.

The second largest partner in Asia

Putin called Seoul the second largest partner of Russia in the Asia-Pacific region. At the end of last year the trade turnover between the countries increased by 27% — to 19,2 billion dollars. In January-April the volume of trade grew by 6.5%.

Korean investment in the Russian economy reached $ 1.2 billion.

At the same time on the Russian market, according to the head of the state presented more than 150 major companies from Korea, which invest in various sectors: in industry, food production, agriculture and hotel business.

Main topics

Priority in the negotiations was given to the energy sector, «which is a key area of bilateral cooperation,» Putin said following the meeting.

The parties signed a Memorandum on cooperation in the field of electricity, power and energy efficiency.

Also Seoul and Moscow issued a joint statement on the establishment of a free trade zone between the two countries and signed a Memorandum on cooperation in the field of information and communication technologies.

In addition, signed a Memorandum of cooperation of Russian Railways with the Corporation «Korean railway».

Following the meeting, Putin said that the topic of discussion participation of colleagues from South Korea in the project «Arctic LNG 2».

«Arctic LNG 2» is the second project of «NOVATEK» associated with the production of liquefied natural gas, after the «Yamal LNG». The project will be implemented on the basis of the Morning field. The plant is planned to build three production lines with a capacity of 6.6 million tons per year each. The preliminary term for starting the first line 2022-2023 years and then runs the remaining lines in 2024-2025.

The situation on the Korean Peninsula

Special attention at the meeting in Moscow was devoted to international issues. The parties discussed the situation around North Korea and came to the conclusion that the situation in the region in recent stabiliziruemost.

«The restored inter-Korean contacts, the results of two meetings of the leaders of South and North Korea managed to reach a promising agreement», — said Putin.

Russia also welcomes the attitude of Washington and Pyongyang to resolve the crisis through dialogue, and expects that this will significantly reduce tensions, he added.

From energy to culture: Putin held talks with the leader of South Korea© RIA Novosti, Integratiebeleid in fotobanka can fly rockets to the DPRK

South Korean President thanked Putin and the Russian government for their active support in the process of resolving the situation around the Korean Peninsula and stressed that Moscow and Seoul shared goal of the denuclearization of the DPRK.

Cultural relations

The parties came to the conclusion that cooperation in the cultural sphere is developing in a positive way. Relevant agencies signed a Memorandum on holding the Year of cultural exchanges in 2020.

Also before the end of the year it is planned to hold the first Russian-Korean inter-regional forum.

© RIA Novosti / Alexei Druginderal in photostock Vladimir Putin during a meeting with the President of the Republic of Korea moon Jae Otherwise. 22 Jun 2018From energy to culture: Putin held talks with the leader of South Korea© RIA Novosti / Alexei Druginderal in photostock Vladimir Putin during a meeting with the President of the Republic of Korea moon Jae Otherwise. 22 Jun 2018

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