The delegation of the Swedish biggest businessmen is to arrive in Moscow Sunday. They will accompany King of Sweden Carl XVI Gustaf starting his state visit to Russia Monday. This is the most imposing delegation of Swedish industrial and financial leaders, Swedish Ambassador to Russia Swen Hirdman told RIA Novosti. He believes it shows the priority the Swedish business assigns to the trade with and investments in Russia. After the 1998 economic crisis trends for increasing exchange and good potential for expanding economic ties appeared. More Swedish companies such as ABB, Tetra Pak, Alfa Laval, Sandvik, AGA, Assi Domain, PLM, IKEA, Volvo and Scania start their production in Russia, Hirdman stressed. Sweden pays much attention to the trade and investment relations with Russia, the Ambassador stressed. The roundtable with 18 representatives of the Swedish big business and their Russian colleagues is to be held Tuesday, he said. Carl XVI Gustaf is expected to participate in its closing.
Russia has left the list of 33 largest holders of US government bonds, after the country disposed of at least a third of remaining bonds