MOSCOW, Sep 12 (PRIME) — Russian President Dmitry Medvedev and U.K. Prime Minister David Cameron have signed a number of documents on business cooperation between the two countries during Camerons visit to Moscow, RIA Novosti reported Monday.
In particular, Medvedev and Cameron signed a declaration on a partnership for modernization and agreed to cooperate in the field of culture.
The declaration states that the parties recognize the need for and the importance of modernization and pledge to cooperate in the sphere of innovative development and the creation of advanced environmentally-friendly technologies.
Under the declaration, Russia and the U.K. also pledge to support and promote efforts aimed at improving the business climate for trade and investment activities. Specifically, the parties recognized the intention of the Russian government to set up an international financial center in Moscow, which is to contribute to the modernization of Russias economy and cooperation with other countries in the financial sector, the declaration says.
Moreover, a memorandum of cooperation over the creation of an international financial center in Moscow was signed between Wayne Evans, director of overseas strategy at independent U.K consulting company TheCitiUK, and Alexander Voloshin, director of a working group on the creation of an international financial center in Moscow.
In addition, Russian nuclear power corporation Rosatom Deputy CEO Kirill Komarov and Simon Robertson, the chairman of the board of directors of U.K. machinery producer Rolls-Royce, signed a memorandum of understanding between the two companies.
State-owned railroad company Russian Railways President Vladimir Yakunin and U.K. Minister of State for Trade and Investment Stephen Green have also signed a memorandum of understanding between the Russian company and the U.K. government.
Green has also signed a memorandum of understanding with Russias Skolkovo Fund President Viktor Vekselberg. The document envisages cooperation in the sphere of innovative research. The fund is managing the creation of a research and development center in the Moscow Region town of Skolkovo.
Moreover, Green has also signed a memorandum of understanding over the creation of a direct investment fund in Russia with Kirill Dmitriyev, director general of managing company Russian Direct Investment Fund, which is managing the project.
In addition, Medvedev said that differences in views on a number of problems should not affect RussiaU.K bilateral relations. In turn, Cameron said that there were still some difficult issues between Russia and the U.K.