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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

18.06.2018 - Comment of the Embassy Representative on the British Authorities Response to the Complaints of the Russian Nationals about Unjustified Actions Towards Them upon Arrival in the UK

Question: Has there been a response from the British authorities with regard to the information sent to the Embassy by Russian citizens experiencing biased approach from the UK Border Force officials upon arrival in the UK? Answer: In response to the Embassy’s requests to the British Side to put an end to the practice of excessive and inappropriate security measures against Russian citizens (including minors) at the border in the points of entry to the UK, the UK Home Office has issued a formal reply. A letter printed on the Home Office form addressed to the Embassy consists of three sentences, does not contain any signature and is in essence a runaround reply reduced to “routine checks”. This demonstrates the lack of responsibility and ignorance towards serious concerns of the Russian Side and ordinary citizens travelling to the UK.


18.06.2018 - Comment of the Embassy Representative on the Consideration of the Russian Requests for Legal Assistance in the Cases of Nikolay Glushkov and Yulia Skripal by the British Side

Question: Are there any changes in the UK position on cooperation with the Russian Federation on the investigation of the murder of Nikolay Glushkov and the attempt on the lives of the Skripals? What is the current status of the requests by the Prosecutor General’s Office of Russia received by the UK Home Office? Answer: The British Side continues to keep deafening silence and has not provided answers neither to the Prosecutor General’s Office, nor the Embassy on the status of the official requests for legal assistance on the criminal cases initiated in Russia after the murder and the attempt of murder of Russian citizens on the British soil. Clearly, the UK is showing zero interest in cooperating on the investigation of these high-profile cases. These actions undermine law enforcement and other legal procedures aimed at establishing the truth and justice.


16.06.2018 - Embassy Press Officer’s reply to a media question concerning the article by Foreign Secretary Boris Johnson in the “Sun” newspaper, 15 June

Q: What is your reaction to the article by Foreign Secretary Boris Johnson in the “Sun” newspaper, where he claims UK chose not to boycott World Cup in order not to be unfair towards players and sport fans, because they “have a dispute solely with the Government of Russia”? A: We took note of the abovementioned article. We agree that politics should not intervene in affairs of international sport. And Mr Foreign Secretary is right claiming that British fans in Russia have no reasons to feel threatened. Russian authorities, in cooperation with foreign partners, took every precaution to ensure maximum comfort and security for all World Cup guests. We are happy to have over 600 000 guests from practically every country in the world, including 10 000 British fans.


15.06.2018 - Press release on Deputy Foreign Minister Sergey Ryabkov’s meeting with British Ambassador to Russia Laurence Bristow, 15 June 2018

On June 15, Deputy Foreign Minister Sergey Ryabkov met with British Ambassador to Russia Laurence Bristow at the latter’s request.


15.06.2018 - President Putin's speech at the 2018 FIFA World Cup opening ceremony at Luzhniki Stadium, 14 June 2018

Friends, I welcome all guests to the legendary Moscow stadium Luzhniki, everyone gathered in the numerous fan zones of the 2018 FIFA World Cup, and those watching us on television or online. I congratulate you – the entire large, multinational, tightly-knit international football family – on the start of the top tournament on the planet!


13.06.2018 - Embassy Press Officer’s reply to a media question concerning Russia’s response to the G7 statement on the Salisbury incident

Q: What is your reaction to the G7 Communiqué, where Russia is again accused of having poisoned Sergei and Yulia Skripal? A: Just as in the case of the G7 Foreign Ministers meeting in April, we have again witnessed unfounded allegations against Russia, not supported by any evidence. The British authorities continue to rely on allies’ “solidarity” while offering their partners nothing but assertions that there is “no other plausible explanation” of the incident except that Russia is responsible.


13.06.2018 - Embassy Press Officer’s reply to a media question concerning the inquest into the death of Nikolay Glushkov

Q: Today marks three months since the death of Nikolay Glushkov. How would you comment on the course of the investigation by the British authorities of this case? A: We have to note that the British authorities are still refusing us cooperation on the investigation of the death on the British soil of ex-Deputy Director General of “Aeroflot” Nikolay Glushkov that occurred on 12 March.


08.06.2018 - Russia-Belarus border control rules for attendees of major sports competitions in Russia

On June 1, 2018 the Agreement between the Government of the Russian Federation and the Government of Belarus on certain issues related to the entry of foreign citizens and stateless persons to international sports competitions came into force. The document in particular regulates the entry procedure for certain categories of foreign citizens into the territory of the Union State during the preparations and hosting of the 2018 FIFA World Cup. The Agreement provides for visa-free entry into the Russian Federation and the Republic of Belarus for the holders of spectator identity cards (fan passports or FAN IDs) or information about them provided they have an authentic ID. The said citizens can also cross the Russia-Belarus border if they travel via the following motor roads: M-1, P-23, A-240 and following railway routes Vitebsk-Pskov, Minsk-Smolensk, Gomel-Bryansk.


08.06.2018 - Embassy Press Officer’s reply to a media question concerning the new legislation introduced to Parliament in the context of the Salisbury poisoning

Question: How would you comment on the new bill introduced by the British government to give police new powers to investigate all forms of “hostile state activity” and to stop, question, search and detain individuals at the UK border to determine whether they appear to be a person who is, or has been, engaged in hostile activity? Answer: We do not have the opportunity to review and assess the whole text of the bill. Meanwhile, it is unclear from publicly available information, how these new sweeping powers of British law enforcement, border and customs agencies will be applied in practice. In regard to whom and how will they be used? Who and how will examine the level of “hostility” of foreign States’ activities?


08.06.2018 - Embassy Press Officer’s reply to a media question concerning the publication of the Commons Foreign Affairs Committee’s report “The FCO’s preparations for the 2018 World Cup”

Q.: How would you comment on the contents of the report by the Commons Foreign Affairs Committee expressing concerns over safety and security of British fans at the 2018 World Cup in Russia? A.: Unfortunately, this report is another attempt to fuel anti-Russian sentiments on the eve of the World Cup despite the fact that the British police and the FCO have given positive assessments of their cooperation with Russia’s law enforcement authorities on safety and security issues at the World Cup.



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