Europe needs new security procedures: Medvedev
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Europe needs new security procedures: Medvedev

Last Updated: Tuesday, March 02, 2010, 12:00
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Europe needs new security procedures: Medvedev Paris: Europe needs new security procedures, Russian President Dmitry Medvedev has said.

"I am not satisfied with these procedures because Europe has changed after the Helsinki Act, and it is necessary to create a new framework for the security system. We are at the very beginning of the road," Medvedev said at a joint press conference with French President Nicolas Sarkozy yesterday.

During Medvedev's visit two key agreements were also signed at the Elysee Palace.

Russia's Federal Migration Service Director Konstantin Romadanodvsky and his French counterpart Eric Besson signed an executive protocol between the governments of Russia and France on the implementation of the agreement on readmission between Russia and the European Union of May 25, 2006.

Russian Railways Company CEO Vladimir Yakunin, Transmashkholding Bard of Directors Chairman Andrei Tokarev and Alstom CEO and President Patrick Kron, and Alstom Transport Philippe Mellier signed a protocol on the acquisition by Alstom of 25 per cent of share sin Transmashkholding, and on technological and production cooperation between Alstom, Transmashkholding and Russian Railways.

The agreements were signed in the presence of Dmitry Medvedev and Nicolas Sarkozy.

Alstom plans to acquire 25 per cent plus one share in Transmashkholding. It will pay for the shares in two portions: the first one of USD 75 million will be paid after the signing of the contract, and the second one, the size of which is not known yet, three years after that.

Bureau Report

First Published: Tuesday, March 02, 2010, 12:00

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