Thawing of US-Russia relations good for business, boss of fertilizer giant says

Warmer relations between the U.S. and Russia driven by President-elect Donald Trump will create opportunities for growth, the chief executive of Russian agrichemicals giant PhosAgro told CNBC on Tuesday.

Trump has been trying to build bridges with Russia and on Monday said he would consider lifting U.S. sanctions on the country in return for a reduction in nuclear weapons.

Andrey Guryev, CEO of PhosAgro, said there are high expectations of a thawing of tensions between the U.S. and Russia.

"It's a year of expectation and some new expectation for U.S. and Russia relations … Many things I wish may happen but I think what is really interesting that today we see a huge inflow investment in Russia, in (the) Russian stock market, in (the) rouble market," Guryev told CNBC in a TV interview at the World Economic Forum in Davos.

"I believe particularly for Russia in a short period it's very interesting and will bring a lot of opportunities for future growth and that's what Russia needs today."

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