26 октября 2016
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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.


27.09.2016 - Speech by Russian Ambassador Alexander Yakovenko at the RBCC Centenary Business Forum

Speech by Russian Ambassador Alexander Yakovenko at the RBCC Centenary Business Forum (27 September 2016 at 9:10, BMA House)

24.09.2016 - Why not give the Syrians a break? (by Ambassador Yakovenko for RBTH)

It was in the fertile soil of the ongoing civil conflict that ISIS expanded to Syria. Ever since, Russia has been urging the establishment of a common front of the international community against terrorists, including the al-Qaeda linked Jabhat al-Nusra, which despite its recent rebranding continues to be a terrorist organization. We agree on that with our U.S. partners, as testified to by the Lavrov-Kerry accords, reached in Geneva along the lines agreed by presidents Putin and Obama. Russia insists on declassifying this deal, so that there is not the slightest whiff of secret diplomacy about it. Terrorists played a key and leading role in the fight against government forces.

21.09.2016 - UN convoy attack: questions to be answered (by Ambassador Yakovenko for RT)

The attack on the UN aid convoy near Aleppo has been widely covered in UK, prominently featuring the assertions that either Russia or the Syrian Government was behind the tragic event. Even though media did report the statement of the Russian Ministry of Defence that both Russian and Syrian warplanes didn’t carry out strikes against the humanitarian convoy, they omitted a number of details pointing to a highly suspicious nature of this incident.

02.09.2016 - Agenda: I pay tribute to the dignity and modesty of the brave sailors of the Arctic convoys (by Consul General in Edinburgh Andrey A. Pritsepov to Herald Scotland)

Tonight I shall host a gala reception on board the Royal Yacht Britannia to mark the 75th anniversary of the first Arctic convoy with the codename Operation Dervish. It is meant to be a special event: a solemn and dignified tribute to those who sacrificed their lives for our freedom. More than 50 Arctic convoys veterans living in Scotland are attending the celebrations.

23.08.2016 - Russia Continues Efforts to Strengthen BTWC (By Ambassador Yakovenko for RT)

The Convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on their Destruction (BTWC), which opened for signing in 1972, was the first international treaty banning an entire class of weapons of mass destruction. Its entry into force on March 26, 1975, was a significant step forward in multilateral disarmament.

22.08.2016 - WWII Arctic Convoys: 75 years of a the link that still bonds us together (By Ambassador Yakovenko for RT)

In a few days’ time the city of Arkhangelsk will greet HRH Princess Anne, diplomats from Britain, US, France, Canada, Iceland, Australia, New Zealand and Poland, a Royal Marines Band, but first and foremost – veterans of the Arctic Convoys, the first of which – “Dervish” – arrived in this Northern Russian port 75 years ago with supplies for the war against Nazi Germany.

19.08.2016 - Russia-Azerbaijan-Iran: a new format for long-term partnership (by Ambassador Yakovenko for RT)

On 8 August, 2016 a trilateral meeting between the Presidents of Russia, Azerbaijan and Iran took place in Baku. A joint declaration was adopted to underline and affirm intent to develop a deep and comprehensive trilateral cooperation in different areas such as fighting against terrorism, conflicts resolution along with strengthening ties in energy, trade, infrastructure, transport and other fields. One of the important outcomes of this summit was an agreement to continue working together on the Caspian Sea related issues.

10.08.2016 - Kiev continues to undermine the Minsk Agreements (by Ambassador Yakovenko for RT)

The Minsk Agreements on the settlement in Ukraine were signed on 12 February, 2015. Unfortunately, there has been little progress in their implementation primarily due to Kiev's unwillingness to fulfil its obligations and inability to deal with the country's socioeconomic problems or to promote national accord and reconciliation. As long as shooting continues in Donbass, Kiev tries to divert public attention from the alleged "achievements" of Maidan and request additional funds from their Western sponsors.

01.08.2016 - Russian Embassy on the Times' War on Russia (Letter to the Editor, The Times)

The outburst of your editorial ("Putin’s Information War", 30 July) is puzzling. What kind of Russia’s monopoly over information abroad? What about Western and other media? Or is it about freedom of press in this country?

07.07.2016 - Russia – EU relations: between sanctions and broader European integration (by Ambassador Yakovenko for RT)

There are three main questions that experts usually ask with regard to the sanctions against Russia. Are the restrictions fair and do they conform to the UN and WTO rules? Do the sanctions help attain the declared political goals? And finally, are the sanctions welcome by the Russian people as the country’s economy focuses on import substitution and strengthens business ties with the East? The answer to all these questions is no.

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