The European Bank for Reconstruction and Development will get a 49% share in a tire plant of the Michelin company, which is being built in the Moscow Region (the village of Davydovo in the Orekhovo-Zuyevo District), the EBRD reported. As it was reported earlier, Michelin, which is the world's second largest tire manufacturer, plans to build a plant in the Moscow region. The plant is supposed to produce tires for cars assembled in Russia by foreign automobile companies. According to information from the EBRD, the bank intends to invest about EUR22m (about $20m) in that project. The French company intends to make at least 2.1m tires a year in Russia (the minimum production volume guaranteeing profitability) mainly for foreign concerns developing production in Russia, such as Ford, FIAT, Renault and General Motors.
Putin said that NATO increased its military personnel by 10,000 people in the areas where NATO troops should not even be in accordance with key documents
The choice of the city of Helsinki is not incidental as the capital of Finland had hosted US-Soviet negotiations on the limitation of nuclear stockpiles in 1969