Vladimir Putin: Russia, UK able to increase bilateral trade

Russian President Vladimir Putin has said he is pleased with the results of his meeting with British Prime Minister David Cameron.

"We discussed political contacts and economic relations very sincerely, in a good positive atmosphere," Putin told journalists.

The Russian president, however, criticized the present-day scope of trade and business relations between the two countries.

"If the truth be told, the volume of our bilateral trade is small. It stands at a mere $21 billion, as compared with $72 billion with Germany," Putin said.

These figures can be explained by differences in the scale of the British and German economies, he said.

"But $21 billion is not good enough. We may well achieve at least $50 billion," Putin said.

"We have already looked for new opportunities, new avenues for cooperation. Nuclear power is one of them," the Russian president said.

"But there are other areas as well. It is space exploration. We plan to launch several British satellites," he said.

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