Putin praises Mechel's project in Brazil as example of bi-lateral cooperation

摘要

Russian Prime Minister Vladimir Putin, at a meeting with Brazilian Vice President Michel Temer, cited Mechel's project in Brazil as an example of bi-lateral cooperation between the two countries in the metallurgical industry. "Large opportunities are opening up in the metallurgical industry where our companies, Mechel and Severstal, have become co-owners of share packets in Brazilian enterprise," Putin said, adding that these projects not only have economic dimensions but affect the social sphere as well. "This concerns the opening of new enterprises and the development of current ones. This helps create new jobs and boost tax revenues," Putin said.