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EU Needs Closer Ties to Russia, Cordes Writes in Handelsblatt

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Nov. 8 (Bloomberg) -- The European Union should establish closer ties to Russia to increase stability, Metro AG Chief Executive Officer Eckhard Cordes wrote in an opinion piece in Handelsblatt.

Cordes, who is also chairman of the Eastern Committee of German Business, also said the committee wants to abolish visa obligations between Russia and the E.U. and establish a closer partnership in commodity and energy issues.

To contact the reporter on this story: Ragnhild Kjetland in Frankfurt at rkjetland@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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