18 October 2018
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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

15.10.2018 - Embassy Press Officer’s reply to a media question concerning the ties between “Bellingcat” and secret services

Question: Russian officials claim that “Bellingcat” is connected to intelligence agencies of the Western countries, but do not present any evidence of such ties. Doesn’t such approach contradict Russia’s position on the Salisbury incident, the MH-17 catastrophe and other notable cases, where the Russian government is continuously demanding to publish proofs of accusations? Answer: There is no contradiction. The fact that “Bellingcat” is affiliated to the intelligence services is obvious considering the whole range of relevant circumstances: date of its foundation (several days prior to the MH-17 catastrophe), nature of published information (which combines signs of intelligence data and highly professional fakes), its orientation (always anti-Russian), timeline of publications (each time at the best moment from the point of view of interests of NATO countries), biography of its leader (Elliot Higgins suddenly turned from a PC gamer into an “icon of independent journalism), non-transparency of its internal structure and financing. If “Bellingcat” can provide any other plausible explanation for such combination of facts, it should be presented to the public.


15.10.2018 - Embassy Press Officer’s reply to a media question concerning the British government calls to step up anti-Russian sanctions

Question: How would you comment on the news that the British government has been lobbying a new EU sanctions regime against Russian nationals allegedly involved in use of chemical weapons and cyber-attacks in Europe? Answer: We have taken note of the respective statement by Foreign Secretary Jeremy Hunt of 14 October and the relevant media reports. These suggest that, faced with an imminent Brexit, the British government makes every effort to step up the sanctions pressure on Russia and to complicate as much as possible Russia-EU relations after Brexit.


13.10.2018 - Embassy Press Officer’s reply to a media question concerning the investigation of the death of Nikolay Glushkov

Q.: 12 October marks seven months since the death of Nikolay Glushkov. Does the Embassy have any new information on this case? A.: Unfortunately, once again we have to state that the British side continues to evade any sort of cooperation with Russia with regard to the investigation of the death of former Deputy Director General of “Aeroflot” Mr Glushkov that occurred on British soil on 12 March. The British authorities continue to ignore numerous Russian 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 Nikolay Glushkov’s death. There are no answers to the Embassy’s proposals to arrange a meeting or consultations between the Investigative Committee, Prosecutor General’s Office of the Russian Federation experts and the Metropolitan Police representatives.


12.10.2018 - Ambassador Yakovenko’s introductory remarks at the press-conference on 12 October 2018

Ladies and gentlemen, In recent weeks we have received a number of media requests concerning the current state of bilateral affairs between Russia and the United Kingdom. I am also often asked how numerous anti-Russian statements by the British officials influence our approach towards the UK. Considering this, I have decided to invite you today to make respective short comments on these issues and answer your additional questions. Currently the relations between Russia and the UK are at a very low level. The reason for that lies in an aggressive anti-Ru ssian campaign launched by the current Tory government and supported by the British media.


09.10.2018 - Embassy Press Officer’s reply to a media question concerning the new Bellingcat’s investigation

Question: How would you comment on Bellingcat’s claims that it has “tracked down Alexander Petrov’s real identity”? Answer: The Foreign and Commonwealth Office has recently advised us to consider such publications and statements as a display of freedom of public debate into which the UK Government does not interfere. There have already been reports that the Home Office and Metropolitan Police would not comment on these “speculations”. This is exactly the case when we should follow the example of our British colleagues.


08.10.2018 - Embassy Press Officer’s reply to a media question concerning the UK authorities’ reaction to Russia’s official requests following recent flagrant media publications

Question: The Embassy declared its intent to request clarifications from the British side following the recent accusations of cyberattacks, and the media reports on preparations for retaliatory cyberstrikes against targets in Russia. Has there been any response? Answer: Today we have received a reply from the Foreign and Commonwealth Office which implies that, as before, the British side is not going to provide us with any details that may serve as the basis of the accusations. In this case, we are not in a position to make comments on the essence of those accusations.


05.10.2018 - Embassy comment on another groundless British accusation against Russia

On 4 October, UK Permanent Representative to OPCW Peter Wilson speaking on behalf of Minister for Europe Sir Alan Duncan claimed that the “GRU” allegedly “attempted to compromise UK Foreign and Commonwealth Office computer systems via a spear phishing attack” and “targeted computers of the UK Defence and Science Technology Laboratory”. The same day the UK National Cyber Security Centre stated that “multiple email accounts belonging to a small UK-based TV station were accessed and content stolen” and “the GRU was almost certainly responsible”.Today, the Embassy has forwarded a Note Verbale to the FCO demanding that the UK Government produces and immediately shares with the Russian side hard evidence and proofs supporting those claims, and informs about sources used to draw such conclusions. We have reminded, in particular, that Russia had repeatedly proposed expert consultations on cybersecurity in order to address UK’s concerns, if any.


04.10.2018 - Embassy Press Officer’s reply to a media question concerning the BBC journalist Mark Urban’s book on Sergei Skripal

Q.: How would you comment on the Mark Urban’s book on Sergei Skripal published on 4 October? A.: We intend yet to study this book. At the same time, it is a well known fact that Mark Urban has close links with British secret services. This gives us grounds for considering this book as an attempt to compensate for Sergei Skripal’s public non-appearance as the key witness to the Salisbury incident. Instead of facts, the public is again offered speculation and guesses.


04.10.2018 - Embassy Press Officer’s reply to a media question concerning the recent anti-Russian statement by the Foreign Office

Question: How would you comment on today’s statement by the Foreign Office accusing Russia of worldwide cyber-attacks on massive scale? Answer: This statement is reckless. It has become a tradition for such claims to lack any evidence. It is yet another element of the anti-Russian campaign by the UK Government.


03.10.2018 - Embassy Press Officer’s reply to a media question on INF Treaty

Question: How would you comment on the latest statements by US officials on Russia’s alleged non-compliance with INF Treaty? Answer: Russia has repeatedly reaffirmed its commitment to the Treaty on the Elimination of Intermediate-Range and Shorter-Range Missiles (INF Treaty). The US allegations of Russian non-compliance relate to one particular missile type. While we have assured Washington on multiple occasions that the mentioned missile does not violate INF, the US has never explained the exact reasons of their preoccupation. These allegations divert attention from the American actions that are breaching a number of INF provisions.



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