German steel makers are getting serious about Russia. According to Michael Hanisch, the President of Germany's SMS Demag AG, who is now taking parting the economic forum in St. Petersburg, his company intends to build a large steel mill in the Urals to produce large diameter pipes.
Mr. Hanisch said the overall investment was planned at EUR 1.2 billion. The mill is expected to output first pipes in three years after the beginning of its construction and will employ thousands of Russia's highly skilled workers. A special programme to educate metallurgists for the project will be introduced in leading colleges in Russia.
A detailed interview with Michael Hanisch will be published at a later time.
Moscow is trying to stop Balkan countries from entering NATO. Greece eventually took measures against Russia, even though Greek Prime Minister Alexis Tsipras had earlier said that Russia was Greece's strategic partner
The Ukrainian government refuses to abode by its obligations, rejects a peaceful resolution of the conflict, and disregards its own people, the president said