There has also been some progress on the Partnership for Modernization, which will be reflected in a joint report. The areas where progress has been made include : the environment; space, including EU involvement in the Soyuz program; Russia’s involvement in Galileo, the EU’s equivalent of GPS; and harmonized rules and standards for industry. But little progress has been made on trade and investment. Despite Medvedev’s and Prime Minister Vladimir Putin’s appeals for more foreign investment in Russia, there are few signs of European companies wishing to take the plunge, above all because of the lack of rule of law in Russia. Read More
