Results of the Working Meeting

between President L.Kuchma of Ukraine

and President V.Putin of the Russian Federation

(11-12 February, 2001, Dnipropetrovsk)

The working meeting was held in the city of Dnipropetrovsk on 11-12 February with the aim to review the outstanding issues of bilateral economic cooperation, including in the area of aerospace and aircraft building. The talks between the two presidents were preceded by negotiations of the Ukrainian and Russian delegations headed by the two vice-prime-ministers.

Presidents made a tour to the Pivdennyi (Southern) Machine-Building Plant and got familiarized with the Ukrainian machine-building potential in the aerospace sphere.

As you may know, the decision to hold such a working meeting devoted to the issues of bilateral cooperation in the aerospace sphere was taken during last December Ukrainian-Russian Business Forum in Moscow.

In the course of yesterday’s meeting the two Presidents have also confirmed and stressed the importance of another forthcoming bilateral event - a meeting of the local governors of the border regions of Ukraine and the Russian Federation with the participation of the Foreign Ministers of two countries to be held on February 16.

The results of the Dnipropetrovsk meeting are of paramount importance for Ukraine for the following reasons:

It was also agreed to examine the proposals concerning the construction of a bridge across the Kerch Strait.

One of the most important results of the meeting, as both Presidents put it, was the agreement between the Ministry of Fuel and Energy of Ukraine and Russian JSC “UPS” on the transition to the regime of parallel operation of the power electric systems of Ukraine and the Russian Federation. It will give Ukraine a possibility to stabilize its own electricity grids, to actively use its electricity supply network for carrying out the electric power transit to third countries.

The Presidents have signed a Joint Statement on the Issues of Expanding Cooperation on the Sphere of Aircraft and Aerospace Equipment, 4 intergovernmental agreements and more than 10 interdepartmental documents. In particular:

A new evidence of prospective development of the inter-regional cooperation became the Agreement between Dnipropetrovsk Regional State Administration and the Government of Moscow on the Cooperation in the Trade and Economic, Scientific and Technical, Humanitarian and Cultural Spheres signed by M.Shvets, the Head of Dnipropetrovsk Regional State Administration and Y.Luzhkov, the Head of the Government of Moscow.

A number of interdepartmental documents have been also signed, they are aimed at facilitation of bilateral cooperation in the fields of space development and utilization with peaceful purposes, standardization and certification of rocket and space equipment, ship-building, carrying out common industrial policy and developing electrical equipment.

Thus, the meeting of the Presidents of Ukraine and the Russian Federation has become an important step in furthering the Ukrainian-Russian strategic partnership.