HIGHLIGHTS-Business comments from Obama-Medvedev summit

Tue Jul 7, 2009 10:11am EDT
 
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(For the main story on the talks please see [ID:nN07297608]. For a Take A Look on Obama's visit, see [ID:nL3208043] )

Following are remarks by Russian and U.S. policymakers and company executives about business ties between the two countries during President Barack Obama's two-day trip to Moscow.

URSULA BURNS, CEO OF XEROX

"Bureaucracy remains a significant barrier to doing business in this part of the world (Russia)."

VLADIMIR DMITRIEV, HEAD OF RUSSIAN STATE BANK VEB

"Today we heard a reproach aimed at the American administration, voiced by Russian companies, who cited the governors of the states where they are working... They are clearly being discriminated against in the United States."

"I don't want to say it is a trend ... but there are developments that cannot be called anything other than protectionism ... If there are concerns among businesses, you have to take this seriously and look for a solution."

U.S. COMMERCE SECRETARY GARY LOCKE

Locke met top U.S. executives on Monday.

"They (U.S. firms) have remarked that they have made great progress, that there can be great economic returns here in Russia but you have to be patient.

"America's high ethical standards of conduct can still lead to success... But they (U.S. businessmen) emphasised the need for greater predictability, stability, transparency and the rule of law."

  Continued...

 

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