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PRESS RELEASES AND NEWS

29.11.2017

Trade between Russia and the United Kingdom could double in the next five years

London, 29 November 2017 - The Third Russian-British Business Forum was held in London on 28-29 November, organised by the Ministry of Economic Development of the Russian Federation, the Trade Delegation and Embassy of the Russian Federation in the UK with the support of Russian and international partners to discuss the development of trade and investment relations between the two countries.

Forum participants included His Royal Highness Prince Michael of Kent, State Secretary-Deputy Minister for Economic Development of the Russian Federation Oleg Fomichev, President of the Republic of Tatarstan Rustam Minnikhanov, Presidential Commissioner for Entrepreneurs' Rights Boris Titov, representatives of the House of Lords and the House of Commons, representatives of specialized authorities and business associations and leaders of Russian and British companies.

According to forecasts presented during the forum, in 2017 business activity between Moscow and London will continue its gradual recovery, with trade turnover between the countries increasing by more than 20% to exceed US$12 billion. In 2017, there has been a trend of diversification of both Russian exports to the UK and British imports to Russia.

"In 2017, business within the two countries continued to adapt to the new reality, and trade and economic relations are now developing. If the current macroeconomic indicators remain on the same level and the potential for trade and investment cooperation is realised, trade turnover between Russia and the UK may double in the next five years", explained Oleg Fomichev.

"2017 has seen a continuation of Russia's trade surplus with the UK – Russia sells to Britain 1.7 times more goods and services than Britain sells to Russia. At the end of 2017, this figure will be more than $4 billion", added Boris Abramov, Trade Representative of the Russian Federation in the UK.

Over the first 9 months of 2017 Russian exports to the UK increased by 29.4% to US$6.5 billion compared to the 9 months of 2016. Russia's non-energy exports to the UK are growing steadily, amounting to US$3.1 billion (48.5% of exports). At the same time, demand for chemical products almost doubled (3.7% of exports), while demand for various Russian mineral products increased by a factor of nearly 1.5 (71.5% of exports). Demand for Russian metals and products made from them increased by 15.3% (3.2% of exports), while exports of precious metals and stones almost doubled (17.4% of exports).

Imports from the UK, based on the results of the first 9 months of 2017, increased by 18.7% compared to the same period in 2016. In connection with the revival of industrial production in Russia, demand for British machinery and equipment continued to grow (48.9% of imports), where growth reached 21%. The share of chemical products in the import structure is 34.1%. Third place goes to food products and agricultural raw materials (8.9% share).

         The UK retains its place among the top three in trade in services among all Russia’s partner countries (financial, transport, IT, consulting and other services). According to the Bank of Russia, the turnover of Russian-British trade in services is growing steadily, and over 6 months in 2017 increased by 15.8% to US$3.6 billion.

 

About the Russian-British Business Forum

The Forum’s purpose is to develop Russian-British economic relations and trade and investment cooperation between Russia and international business stakeholders. During the Russian-British Business Forum, Russian and British experts evaluate market dynamics for growth and international trade relationships, identify economic trends and international, British and Russian investors' interests, and set up ways of expanding bilateral and multilateral trade and economic cooperation.

 

For 2017, the two-day event is being organised by the Ministry of Economic Development of the Russian Federation and the Trade Delegation of Russia in the United Kingdom, together with its partners: BSI Global Group, Sberbank of Russia, Aeroflot Russian Airlines, Tatneft, Phosagro, SMP-Neftegaz, Freedom Finance, Synergy University, BLOOMBERG, London & Partners, the Russian Embassy in Great Britain, the Russian-British Chamber of Commerce, Skolkovo Foundation, Agency for Strategic Initiatives, Westminster Russia Forum, Cision PR Newswire and Rossotrudnichestvo. The Forum is held annually during the Eastern Seasons week of business and cultural events.

http://www.rbbf2017.ru/, https://www.facebook.com/rbbf2017/, https://twitter.com/RBBF2017, https://www.linkedin.com/company/18318216/.

 

 

About Eastern Seasons

The Eastern Seasons annual week of business, cultural and sporting events has been held since 2015 with the support of founding partner BSI Global Group. The project is aimed at developing trust and strengthening relations between Russia and Great Britain. The organisers of Eastern Seasons Week set out to create an international platform in London for productive business dialogue and cultural exchange. Partners and sponsors of Eastern Seasons 2017 are: BSI Global Group, Sberbank of Russia, Aeroflot Russian Airlines, Tatneft, PhosAgro, Synergy University, Freedom Finance, Cision PR Newswire, SMP-Neftegaz, Rossotrudnichestvo, Blackthorne, Pushkin House, Russian Film Week and Street Child United.

http://www.easternseasons.com/, https://www.facebook.com/easternseasons/, https://twitter.com/EasternSeasons, https://www.instagram.com/easternseasons/.




LATEST EVENTS

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1. The objective of the 73rd session of the UN General Assembly (UNGA) is to reaffirm and strengthen the central and coordinating role of the Organization in international affairs. The UN is a unique platform for equitable dialogue aimed at seeking solutions with due regard for different opinions and based on the purposes and principles of its Charter. Any attempts to challenge the UN authority are dangerous and may lead to a dismantled system of international relations. We have consistently advocated a polycentric world order, equal and indivisible security based on unconditional respect for sovereignty and peoples' right to independently choose their development path.


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Question: How would you comment on today’s Guardian article claiming that “Russian diplomats held secret talks to assess whether they could help Julian Assange flee the UK”? Answer: This publication has nothing to do with the reality. The Embassy has never engaged either with Ecuadorian colleagues, or with anyone else, in discussions on any kind of Russia’s participation in ending Mr Assange’s stay within the diplomatic mission of Ecuador.


21.09.2018 - Russian Foreign Ministry Spokesperson Maria Zakharova on the incident in Salisbury

Why should we trust or distrust Petrov and Boshirov when there’s zero evidence on the table that would in any way link their very existence to the Salisbury incident? Just because these people were there? Then, can Britain provide a list of all the foreigners who were in Salisbury on those days? On top of that, no one has seen Sergey Skripal since the incident. No one has even talked with Julia Skripal. The whole thing is absurd, because these two individuals came in, talked with Simonyan, provided answers to the counts that the UK publicly accused them of, and, for some reason, everyone is now saying, “We do not believe them.” However, when Yulia Skripal spoke before a camera, which was operated by no one knows who, and didn’t answer any question, but instead read a text apparently written for her by someone, and before that published a text similarly written for her by someone, everyone said, “Yes, of course, we trust her.”


20.09.2018 - Embassy Press Officer’s reply to a media question concerning the meeting of the Minister for the Middle East Mr Alistair Burt with the White Helmets group

Question: During his visit to Turkey the Minister for the Middle East Mr Alistair Burt met with the infamous White Helmets group, whom the Russian Federation considers terrorist supporters. How would you comment on that? Answer: It is up to HMG of course to decide which contacts are to develop and whom the senior diplomats are to meet. Nevertheless, this choice is a truly remarkable one.


18.09.2018 - Embassy Press Officer’s reply to a media question concerning the classification of the materials on A.Perepilichny by the UK government

Question: How would you comment on yet another decision of the British side to classify additional information on Mr A.Perepilichny within the inquest into his death? Answer: This procedural decision concerns classification of information on Mr A.Perepilichny’s connections to the British secret services, to wit, whether he has been their agent or made contact with them. It has been made public just before the next hearing of the inquest into the death of Mr A.Perepilichnny, which is scheduled for 21 September in the Old Bailey.


17.09.2018 - Embassy press officer’s reply to a media question concerning the statements of FCO Minister of State Sir Alan Duncan

Question: How would you comment on the statement of Minister of State Sir Alan Duncan to the effect that the UK will “push for new sanctions […] as well as robustly enforcing the existing EU regime against Russia”? Answer: This and other similar statements fall in line with the Conservative government’s current policy aimed at destroying the fabric of Russian-British relations, further isolating Russia and presenting it as a major threat to the “rules-based international system”. Faced with the realities of Brexit, the British government is desperate to convince its partners of the need for a tougher sanctions regime against Russia. As usual, it resorts to insinuations, unverified facts and media leaks. Despite our numerous requests, no evidence of Russia’s responsibility has been provided. Russia’s proposals of cooperation in dealing with common challenges and threats, including in the sphere of cybersecurity and chemical disarmament, are being rejected without explanation.


13.09.2018 - Embassy Press Officer’s reply to a media question concerning upcoming annual conferences of the UK’s major political parties

Question: What does the Embassy expect from the party conference season in the United Kingdom starting this week? Answer: Annual conferences of UK’s major political parties are important events in the country’s life. At the conferences parties set out their priorities on a wide range of issues and arrange open and frank discussions on pressing domestic and international matters. Among other things, they offer a platform for a dialogue between party leaders and activists and the diplomatic corps.


12.09.2018 - Embassy press officer’s reply to a media question concerning the inquiry into the death of Mr Nikolay Glushkov

Question: 12 September marks 6 months since the mysterious murder of the Russian national Nikolay Glushkov in London. Does the Embassy have any new information regarding the circumstances of his death? Answer: Unfortunately, the British side continues to pay no attention to our numerous requests, including the official request of the Prosecutor General’s Office of the Russian Federation for legal assistance in the criminal case opened in Russia into the death of Mr Nikolay Glushkov, which was delivered to the Home Office as early as in April. The Embassy’s proposals to arrange a meeting between the Russian Ambassador and the Commissioner of the Metropolitan Police, or between experts from law enforcement authorities of the two countries, made as far back as in April, have also been met with silence.


11.09.2018 - Embassy Press Officer’s reply to a media question concerning the statements by the British officials on retaliatory measures against Russia

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09.09.2018 - Embassy response to Home Secretary Sajid Javid’s remarks at the Andrew Marr Show, 9 September 2018

Sajid Javid: This [the Salisbury incident] was the act, we now know unequivocally, crystal clear, this was the act of the Russian state. Comment: If Mr Javid has evidence that allows him to make this kind of direct accusations, why wouldn’t he share it with the public? So far, what the public has seen is nothing but photos of two Eastern-European-looking men walking around Salisbury on two different days. Everything else, including exact dates and names, let alone these gentlemen’s involvement in the Skripals poisoning and their links to the Russian state, is only assertions based on unverifiable “intelligence” and on the “lack of alternative explanations”. If the “crystal clear”-level evidence exists, it is in everyone’s interest for it to be published.



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