2 December 2015
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London: 23:41

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Trade dialogue between Russia and the UK

British business more and more frequently looks in the direction of Russia. London experts believe that it is small wonder because the Russian market is growing rapidly and promising good prospects. Russia’s trade representative in the UK Dmitry Lebedev has told in an interview to The Voice of Russia radio about British people’s attitude to Russian business and their interest in starting a business in Russia.

Trade and economic relations between Russia and the UK have a long history and old traditions. The UK was the first country to establish trade relations with Soviet Russia in 1920. At present, British business appreciates the opportunities granted to it by the Russian market. Last year, British export to Russia grew by 50% and exceeded $7bln. Last year’s bilateral trade exceeded $21bln, Dmitry Lebedev says:

“British people believe that Russia is the most rapidly growing export market for the UK. The greater part of British export to Russia is manufactured products, transport vehicles, industrial equipment, chemical and pharmaceutical products. Russian export to the UK is still deliveries of primary products and materials based on long-term contracts. At the beginning of this year, the volume of accumulated British investment in Russia’s economy was $26.8bln. Importantly, our investments in British economy are also growing. The accumulated Russian investment in the UK was $3.8bln at the beginning of 2012. Even despite the continuing global crisis, our bilateral trade, economic and investment cooperation is showing positive dynamics.”

Russian companies and large corporations are actively penetrating into the British market. At present, they are mostly the leaders of Russian business, such as Gazprom and VTB Capital but a good beginning is half the battle, Dmitry Lebedev says. A lot of our companies have something to offer to the British market.

“It is navigation systems, radio stations, ships, gas turbines, digital maps and geographic information systems. Boosting exports of manufactured products, especially hi-tech ones, always requires considerable efforts. For example, we can mention cooperation between the Russian state corporation RosNano and Celtic Pharma. These companies are developing several projects on the British market, in particular, the production of new medicines - immunotherapeutic vaccines against cocaine and nicotine addiction.”

On the whole, traditionally strong Russian-British trade, economic and investment relations give an opportunity to look into the future with optimism, Dmitry Lebedev believes. Contemporary economic challenges that Russia and the UK are facing will be overcome and our ambitious goals will be achieved.


28.11.2015 - Bonds forged by the great game of football can help defeat terrorism (by Consul General Andrey Prisepov for Herald Scotland)

Two weeks ago, we all followed a rather special football game at Wembley: England playing France just days after the attacks in Paris. The innocent victims of these inhuman assaults were remembered with dignity and poignant tribute was paid by players and supporters. Thousands of people shared their passion for the great game and, equally, showed their compassion in a manifestation of unity and solidarity. Once again football embodied human spirit and an affirmation of life. History has numerous examples of what seems to be the inherent qualities of the game. Herald readers may have watched the 1980s film Escape to Victory starring Michael Caine. In the movie, allied prisoners of war play football against their Nazi guards, knowing they will be shot should they win.

26.11.2015 - Ambassador Yakovenko responds to Russian media question on Britain's renewed National Security Strategy

Question: The recent announcement by the British Government of the outcome of its 5-year Review of the National Security Strategy has attracted a lot of criticism. Russia features prominently in some key provisions of the document. What could you say on that? Answer: I'll start with Russia's place in it. Unfortunately, we witness what I would call inertia of the rhetoric, that is no longer reflective of the reality, which has been evolving fast. Still, it is now less categorical and diffuse, which may be a sign of changing attitude. Hope, it is going to be the case.

18.11.2015 - Syrian solution demands truly inclusive compromise (article by Ambassador Yakovenko for the Daily Telegraph supplement, 17 November 2015)

Upon Russia’s insistence, a truly inclusive multilateral process was launched in Vienna on Oct. 30 to help find a compromise solution to the Syrian crisis. Iran, a major player, took part for the first time, as well as China. All agreed to the U.S., Russia and the U.N. co-chairing the meeting. Heated exchanges took place on the issue of President Bashar al-Assad’s future. As was the case three years ago, this could derail the entire process. But ultimately it was agreed to disagree on that issue. Lack of agreement on this subject resulted in three more years of bloody impasse. We should know better than that this time. All the more so that those are the differences between the outside players. Why not leave it to the Syrians to decide?

17.11.2015 - Welcoming points at the Russian-British business forum, dedicated to the 95th anniversary of the establishment of the Russian Trade Mission in the UK (17 November, 9.00, Royal Garden Hotel)

Ladies and gentlemen! I am delighted to welcome you at the Russian-British Business Forum, dedicated to such a significant date – the 95th anniversary of the establishment of the Russian Trade Mission in the United Kingdom. It gives me special pleasure to congratulate our colleagues on this occasion, since this trade delegation established to promote trade links with the United Kingdom in 1920 and headed by People's Commissar of Foreign Trade Leonid Krasin became the first in history Soviet Russia's trade representation abroad. In fact, it set an example for a whole network of Russian trade missions abroad, which are still successfully operating. Ever since its establishment the Trade Mission has continued to work hard to promote business relations between Russia and Great Britain. It helps companies in both countries to find partners and enter each other’s markets.

29.10.2015 - Russian Embassy on the Times editorial

Your editorial, which accompanied Ambassador Yakovenko’s interview (26 October) is full of grossly misleading statements on Russia’s foreign policy. May I set the record straight before your readership?

23.10.2015 - Letter of Minister-Counsellor of the Russian Embassy A.Kramarenko to the “Financial Times”

Letter of Minister-Counsellor of the Russian Embassy A.Kramarenko to the “Financial Times”

21.10.2015 - Letter of Minister-Counsellor of the Russian Embassy A.Kramarenko to the “Guardian”

Letter of Minister-Counsellor of the Russian Embassy A.Kramarenko to the “Guardian”

19.10.2015 - Why Russia had to intervene in Syria (article by Ambassador Yakovenko published in The Independent)

Combating international terrorism has long been one of the top priorities of Russia's foreign policy. We have been consistently advocating genuinely global efforts in countering that evil. The fight against terrorism must be conducted on a universal legal basis, starting with the UN Charter. That is why Russia has been unable to join the US-led “global coalition” against Isis. The coalition was established in circumvention of the UN Security Council, and its operations in Syria violate the sovereignty of that country.

13.10.2015 - "Russian airstrikes won't solve the crisis" because they are Russian? (article by Andrey A. Pritsepov, Consul General of the Russian Federation in Edinburgh, published in "The Scotsman")

Having read your leader comments "Russian airstrikes won't solve crisis" from 30th September and "Effort needed to rein in lone wolf" from 2nd October I cannot help but notice that they represent a U-turn compared to your previous instalments (for instance, from 17th July "Conservatives made to look very bad again" and from 21st July "PM needs to do more to beat IS").

12.10.2015 - Letter to the Editor of The Sunday Times

On 11 October 2015 The Sunday Times published the article “RAF ready to shoot down Russian aircraft over Syria” which referred to “three senior Cabinet ministers and senior Defence sources”. Given clarifications from the Foreign and Commonwealth Office and the Ministry of Defence, stating publicly that “reports about RAF rules of engagement in Iraq are inaccurate”, one may conclude that your newspaper was spreading rumours, which could have grave consequences for our bilateral relationship with Britain, and far beyond.

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