ROSTOV-ON-DON, Russia, June 2 (UPI) -- Europeans are better suited than Americans to partner Russia's drive for a more competitive and diversified economy, the president of the EU has indicated.
EU President Herman Van Rompuy referred to the Obama administration's "reset" of relations with Russia when he said, "We don't need a reset. We want a fast-forward," The Moscow Times reports.
Rompuy made the statement following a two-day EU-Russian summit on President Dmitry Medvedev's efforts to reform his country by launching a modernization program.
The summit emphasized economic and trade issues.
The EU as a whole is Russia's largest trading partner.
The two leaders signed a joint declaration on a modernization partnership designed to give Russia easier access to Western technology.
In return, Medvedev is committing his country to more democratic reforms and fighting corruption.
The summit failed to make any progress on the issue of visa-free travel.