It’s a challenging time for German and Russian businesses, especially smaller and mid-sized companies. Some had recently localized production in Russia, making long-term commitments to the country. Large investment funds had been looking for prospects in the real estate market. Now some of these investors have put their plans on hold.
The Austrian season of culture, which took place in Russia in 2013 and 2014, gave artists from both countries an unprecedented opportunity for creative exchange and joint projects. The cooperation of institutes and artists from all areas of culture expanded far beyond the framework of particular events.