In the Commission's history, more than 200 bilateral documents have been signed, Chernomyrdin noted, and he urged their timely implementation. Russia is putting its fiscal house in order, inflation is under control, and Russia's economy has turned the corner on growth, promising the first upswing in a decade.
Implementation is key.
He cited the significant growth in trade and investment between the two countries and noted that there are now major joint projects by U.S. and Russian companies not only in the oil sector but also in high-tech, aerospace, nuclear safety, and other sectors. The United States and Russia have been able to find common ground on issues such as the peaceful use of nuclear energy, arms reduction, and conversion of nuclear materials to safe use such as energy production. This is one great achievement of our work. However, this is not a time for complacency, he added.