During the meeting the Parties reviewed the six-month presidency of the Russian Federation in the BSEC, as well as discussed key priorities for the next six-month term.

Minister Gryshchenko draw attention to Ukraine's contribution to the BSEC activities, and stressed the need for more sufficient exploiting of the BSEC institutional capacity, especially the Black Sea Trade and Development Bank, the Parliamentary Assembly of the BSEC Business Council and the International Centre for Black Sea Studies.

Ukrainian Foreign Minister also emphasized on the importance of more active involvement of business communities of the BSEC countries to implementation of the BSEC infrastructural projects, namely, among others, construction of the highway transport corridor around the Black Sea.

According to the Foreign Minister of Ukraine, the next year's celebration of the 20th anniversary of the BSEC will become an excellent opportunity for a comprehensive assessment of its institutional capacity, improving its decision-making mechanisms and setting the BSEC’s new strategic goals for the future.

The Russian Federation has officially handed over its presidency in the BSEC to the Republic of Serbia, which will start on January 1, 2012.

In the framework of the BSEC Ministerial the Ukrainian Foreign Minister held several bilateral meetings with his foreign colleagues.