On 23 April, 2017 AEB CEO Frank Schauff participated in the meeting with the Minister of Industry and Trade of the Russian Federation Denis Manturov and representatives of the German Machine Builders' Union in Hanover. 

During the meeting, participants discussed the implementation of Russian-German industrial projects and cooperation in the field of investment.

Denis Manturov noted the positive dynamics of business development in Russia, and shared his expectations about the growth of industrial production for the next year.

"If you take the result of the last four years from 2012 to 2016, you will see that European business has created more than 200 new manufactures in Russia. Particularly enterprises from Germany have made 55 new manufactures. I think that it is a good result and a positive trend", - said the Minister of Industry and Trade of the Russian Federation.