DALAGRO & FOOD PRODUCTS, 15-17 March 2018, Vladivostok

The 19th International Agriculture and Food Industry Expo “Dalagro & Food Products” will take place at Vladivostok on the 15-17 of March 2018. Dalagro and Food Products Expo offer a comprehensive range of food processing and cutting equipments which are manufactured by applying advanced technologies. The exhibitors find this exhibition to be the perfect business meeting place where the exhibiting companies get an opportunity to establish themselves and create their own brand name. Dalagro and Food Products Expo aims to benefit the mentioned sector by providing the branded range of products which are easy to handle and effortless to install. The attendees will get to see a wide range of economic products which are designed to provide complete satisfaction to the buyers. The event aims to bring the food processing, refining, packaging, storing and exporting sectors to achieve great success. The exhibitors get an opportunity to widen their marketing networks and increase their surplus levels.

Exhibitor Profile

Dalagro and Food Products Expo will exhibit Fruits, vegetables and other agricultural products, Meat and sausage products, Dairy and fat oil products, Fish and seafood, Seaweed products, Cereal products, flour, rice, Premium pastas and whole grain noodles, Sweets, bakery and confectionery, Pickled vegetables and mushrooms, Traditional foods, Natural spices and ingredients, Sauces, spices, and pastes and Soybean products. The purchasers will get to exhibit Convenience foods, Soups and broths, Alcoholic liquors, Mineral and medicinal waters, Beverages like juices, tea and coffee, Diet foods, Water cleaning solutions, Cooking equipment and technologies, Catering and cooking equipment, Agricultural technologies and chemical products, Labor protection and uniform, Training and education, Insurance, credits and leasing and lot more.

To attend press here

Contact details:

Management Team
Ms. Polina ABRITANOVA, Project Director
tel.: +7 423 2451-502, +7 423 2300-418,
skype: press-dalexpo

International Team
Ms. Lydia LABYUK, International Projects Officer (Chinese available)
tel./fax: +7 423 2451-502

Technical Team
Mr. Sergey PRYANIK, Head of Technical Services
tel./fax: +7 423 2450-347


Russia’s real estate sector is starting to recover

Russia real estate sector is starting to recover after years in the doldrums, with the investment volume up 9% in 2017 to $4.6bn, reports JLL.

Russia’s real estate investments reached $1.9bn in the last quarter of 2017, up 88% y/y versus $1bn in last quarter of 2016, according to JLL calculations. This brought the full year volume to $4.6bn, up 9% from $4.3bn in 2016.

“In 2017, the market underwent both positive and negative changes. The Russian economy has been recovering,” Olesya Dzuba, Head of Research, JLL, Russia & CIS, said in a report. “The ruble traded within a narrow range. Inflation declined below the Central Bank target. Despite the raising concerns about the banking sector stability, a number of large deals closed at the year-end. These included the sale of Immofinanz shopping centre portfolio and the part of Sever-2 warehouse complex. We expect the investment volume to climb to $5bn in 2018, up 9% y/y.”

In 2017, the retail sector accounted for 40% of the total volume. Offices followed, with 34% of all deals. The retail sector dominated over the whole year, with the sale of the Immofinanz shopping centre portfolio to Fort Group supporting this in the fourth quarter.

“Moscow remains the main investment destination in Russia. In 2017, its share was close to the level in the previous year, at 79%,” JLL said in its report.

But higher investment activity was recorded in St. Petersburg, whose share had increased from 9% in 2016 to 16% in 2017. In absolute terms, the St Petersburg investment volume grew by 96% y/y, from $380m to $744m. Investors considered St Petersburg assets as an alternative to those in Moscow, increasing their activity in the Northern capital.

And foreigners are getting back into the market. The share of foreign investments increased from 6% in 2016 to 17% in 2017.

“In 2017, new foreign investors entered the market. At the same time, those who have already been present there became more active. The newcomers included the Chinese company Fosun Group, which purchased the Vozdvizhenka Centre office building in Moscow. Raven Russia, the British investment fund, which acquired assets both in Moscow and in St Petersburg, led the ‘old timer’ list,” Evgeniy Semenov, Regional Director, Head of Capital Markets, JLL, Russia & CIS, notes. “The investment market recovers gradually, with the share of restructuring deals dropping from 48% to 2% in 2017.”

Prime yields remained flat last year. As benchmarks for the market players, JLL analysts consider Moscow prime yields between 9.0-10.5% for offices and shopping centres and 11.0-12.5% for warehouses; St Petersburg prime yields were at 9.5-11.5% for offices and shopping centres and 11.5-13.5% for warehouses. Following key rate cuts by the Central Bank, the cost of bank financing will continue declining and will likely lead to yield compression this year.

Resource: http://www.intellinews.com/russia-s-real-estate-sector-is-starting-to-recover-134865/?source=russia

AutoInvest® Conference, 28 February — 02 March 2018, Saint Petersburg

Annual International Conference on Investment Attraction to Automotive Component Industry AutoInvest®2018 is the first event of the year in the Russian automotive industry.

The business agenda of the 12th Annual International Conference AutoInvest®2018 is dedicated to prospects of automotive products export development, use of alternative fuels and innovative solutions for economic and ecologic efficiency of the Russian automotive industry as well as to cluster development of the automotive sector, sales strategies and automobiles service technologies.

The AutoInvest® conference has gathered more than 2500 automotive industry experts and professionals for the previous years. Top managers of leading OEMs and automotive components manufacturers, bodies of the public authority, representatives of scientific research institutes, automotive sector specific unions and associations. Representatives of business of Russia and foreign countries, bodies of the public authority, financial organizations from 15 Russia’s regions and 20 foreign countries.

The aim of the Conference is to establish a constructive dialogue between automotive components manufacturers, OEMs and authority in the areas of consolidating efforts to develop the automotive industry of Russia.

Saint Petersburg as a centre of automobile cluster of the North-West Russia is not accidentally chosen as a meeting place for key players in the automotive industry. Manufacture of leading world automobile concerns such as Ford, Hyundai, MAN, Nissan, Scania, Toyota is located in Saint Petersburg.

The International Conference AutoInvest® is an effective site to work out practical decisions on topical directions of the automotive industry development and enlargement of business cooperation in the automotive sector.

Taking into account the strategic importance of the automotive industry development the AutoInvest® Conference is supported by the Presidential Plenipotentiary Envoy to the Northwestern Federal District, the Ministry of Industry and Trade of the Russian Federation, Government of Saint Petersburg and the Leningrad region.

Paying special attention to the format of the event as the Russia’s largest business site for practical decisions in the area of the automotive business, organizers hold discussions of the topical issues of the industry development and specialized events. Among such events are the Suppliers Development School is a complex of specialized training seminars and consultations in the sphere of business development, exchange of experience and expansion of cooperation in the field of automotive components manufacturing for employees – Conference delegates, and B2B Meetings are direct negotiations with potential partners, in which heads and representatives of OEM’s purchasing departments, local suppliers of automotive components, materials and services participate .

To fully present a potential of the Russian automotive industry and opportunities for business cooperation the AutoInvest® Conference is accompanied by the specialized exhibition for professionals of the automotive industry.

Advantages of participation in AutoInvest®:

  • Government, automotive components manufacturers and OEMs are gathered in one place
  • Practical results for each participant
  • Topical agenda and a wide range of discussed issues
  • Highly competent speakers

Organizers of the Conference are North-West development and Investment Promotion Agency and National Association of Automotive Components Manufacturers.

The Conference is traditionally held under support of the industrial unions and associations such as NAMI, Association of Russian Automakers (OAR) and also the largest automobile companies such as MAN Truck & Bus Production RUS, Nissan Manufacturing RUS, Scania-Peter and others.

Conference Agenda is available here.


Project Coordinator

Ekaterina Orlova

tel.: +7 967 513 79 95

e-mail: orlova@investa.spb.ru

Speaker Manager

Artemiy Nikolaev

tel.: + 7 964 390 33 48

e-mail: nikolaev@investa.spb.ru

Delegate Manager

Marina Maslova

tel.: +7 960 240 02 50

e-mail: maslova@investa.spb.ru

PR Manager

Natalya Cherezova

tel.: +7 960 240 00 38

e-mail: pr@investa.spb.ru

16-18 January THE GAIDAR FORUM 2018

Traditionally at the beginning of the year, in Moscow, in the Russian Presidential Academy of National Economy and Public Administration (RANEPA), famous scientists, representatives of authorities, public and political figures, businessmen fr om different countries come together.

The Gaidar Forum annually brings together all those, whose latest achievements have an impact on the social-and-economic development of regions and states.

In the Russian media, the Gaidar Forum has gained the unchallenged reputation of ‘the Russian Davos Forum’. For foreign visitors, the Forum is an important source of information on major trends in social-and-economic and political development, status of business environment and investment climate of Russia, while for domestic experts, the participation in the Forum makes it possible to determine the prospects for further economic growth and integration of Russia into the global economy.

The Forum serves as a permanent venue for events of different levels and scale: plenary sessions and expert round tables, panel discussions and debates.

One of the important features of the Forum is the active involvement of young researchers as panelists.

Sessions of the Forum are focused on the most pressing issues of the modern times, a special emphasis is placed on the topics related to insight of the situation and strategic role of Russia in the world. Over the time, the Forum became a place, wh ere the social and economic politics of Russia for the next year is discussed and critically re-evaluated.

Tasks of the Forum

Engaging the world’s leading scientists and practitioners into a joint discussion on social-and-economic and political issues

Maintenance of continuous expert dialogue on key political and social-and-economic issues

Reflecting the main trends and key events in the national and global economy and politics

Elaboration of strategic proposals and recommendations on the development of the national economy

Assignment of a stable place in intellectual economic map of the world and the status of an important center of top-level global economic discussions to Russia

Download Forum Program
Register here

E-mail: info@gaidarforum.ru
82 Vernadskogo Prospekt, Moscow
Phone +7 499 956 00 56

About Vladivostok: DALEXPOCENTER CO., LTD

DALEXPOCENTER is an exhibition, convention, and trade mission company based in Vladivostok, Russia. A prominent player at Russia’s Far East tradeshow market since 1994, the company has produced over 160 tradeshows and over 150 meetings and conventions.
DALEXPOCENTER is a member of the Russian Union of Exhibitions and Fairs, Primorsky Chamber of Commerce and Industry, and Public Council of Primorsky Territory Businessmen.

Ms. Vera ERMILOVA, Director General is a Member of the Board at the Russian Union of Exhibitions and Fairs (RUEF) and a member of the Committee for Support of Manufacturers and Exporters at the Russian Chamber of Commerce and Industry.

DALEXPOCENTER‘s projects are supported by the Russian federal ministries, Primorsky Territory Government, City of Vladivostok, major professional associations of Russia, and the Russian Chamber of Commerce and Industry.

DALEXPOCENTER‘s project portfolio focuses on key sectors of the regional economy, such as
• construction,
• agriculture,
• food products,
• health and wellness,
• sports and leisure,
• electrical and power engineering,
• transport,
• security.

DALEXPOCENTER is creating opportunities for companies to develop new business and meet trade partners in Primorsky Territory, one of Russia’s most thriving and dynamic regions.

DALEXPOCENTER contributed to organizing large-scale international events in Vladivostok and abroad, including 2012 APEC Summit in Vladivostok, Eastern Economic Forum, 18th Local Governments Summit in Northeast Asia, Asian Congress of Event and MICE Industry, and Russia-China EXPO (Harbin International Trade Fair).

DALEXPOCENTER offers a full range of services for organizing tradeshows, conventions, advertising, and promotions, including
-booth construction & design,
-presentations & matchmaking,
-display and conference equipment,
-exhibition personnel,
-printing & publishing,
-hotel reservation,
-visa support,
-railway and airline ticket reservation,
-transportation services,
-translation & interpreting,
-customs and freight forwarding,
-sightseeing programs.

DALEXPOCENTER has great experience in executing and hosting business missions and b2b meetings to facilitate networking opportunities for Russian and international companies and to strengthen international trade cooperation in Pacific Asia.

DALEXPOCENTER has established strong partnership relations with international governmental agencies, professional associations, and trade fair organizers and is opened to any kind of cooperation.

Don’t miss tremendous business opportunities to access the fast-growing market of the Russian Far East through Dalexpocenter’s tradeshows!

Full 2018 event Calendar is available here

To contact: Dalexpocenter Co., Ltd

Ms. Lydia LABYUK, International Projects Officer (Chinese available)
tel./fax: +7 423 2451-502
Mailing address: PO Box 255, Vladivostok 690090 Russia
Tel./fax: +7 (423) 230-05-18, 230-04-18, 245-15-02
E-mail: dalexpo@vlad.ru
Oficial website: http://en.dalexpo.vl.ru/

International Military-Technical Forum «ARMY-2018», 21-26 August

International Military-Technical Forum «ARMY-2018» will take place in Russia on the 21-26 of August in 2018.

International military-technical forum «ARMY» is organized and fully supported by the Ministry of Defence of the Russian Federation and combines the exhibition and dynamic demonstration of military equipment capabilities with extensive congress program and strong participation of international audience represented by foreign exhibitors, delegations and visitors.

The results of the Forum «Army» strongly suggest that in just three years it has turned into the world’s leading exhibition of arms and military equipment, the authoritative platform for discussing innovative ideas and developments for the armed forces.

Congress programme is available here.

To regester press here.

Full presentation is available here.

Contact organizer: Ministry of Defence of the Russian Federation
Tel.: +7 (495) 333-83-00
E-mail: gunid@mil.ru

The Russian IT system is the same as in any country in terms of infrastructure, usage, distribution, payments, etc.

INTERVIEW: Presidential Internet ombudsman Dmitry Marinichev on the state’s role in e-commerce.
A successful tech entrepreneur since the late 1990s, Dmitry Marinichev was appointed Internet Ombudsman by President Putin in 2014. He is also a member of the Expert Committee of the Agency for Strategic Initiatives and a member of the General Council of the Delovaya Rossia business association. In this interview, Mr. Marinichev explains what his role as Internet Ombudsman consists in and how requests from foreign players. He also shares his views about Russia’s interdependence with other countries in today’s globalized world and the impossibility of separate development in the field of technologies.

When and why was the institution of presidential Internet ombudsman created?

The emergence of an Internet ombudsman was primarily due to the fact that the government realized the importance of the digital economy. The Internet is not only penetrating almost all areas of life, it is becoming the driver of the economy.

Illustrating this, President Putin held a meeting with online entrepreneurs in June 2014. During the meeting, he stated that business should not avoid coming into contact with the government, and that cooperation would be beneficial to both the state and entrepreneurs. Thus, the government started a dialogue with the industry.

A few weeks later, on July 17, the post of the Internet ombudsman was created under the authority of Boris Titov, the Presidential Commissioner for Entrepreneurs’ Rights.

The second reason is the necessity for the government to support the industry. The digital economy doesn’t develop without hurdles. The role of the Internet ombudsman is, first of all, to address the individual inquiries of companies that are experiencing difficulties. The ombudsman also has to identify the essential issues of the industry and analyse the available data on these issues relating to Internet companies.

Thus, the Internet ombudsman represents the interests of the industry and helps solve issues in a dialogue that may involve government bodies, lawmakers, or the judicial branch. We can bypass layers of bureaucracy and speak directly with the presidential administration, for example.

How do you intervene in legislative work?

An important part of our work consists of helping lawmakers improve the quality of legislation. They often lack specific technical expertise on the Internet industry, which may lead to laws or draft laws which can be absurdly inadequate from a business standpoint and be regarded from abroad as “yet another wave of restrictions and censorship.”

For example, back in 2014 we intervened in the preparation of the law on personal data storage. We made the text more flexible than it was in its initial version; then we began a dialogue with ministries to have them apply the law as appropriately as possible.

In their effort to regulate or control the Internet, the authorities don’t always take into account the technical nuances or the business side. They behave like a bull in a china shop!

Do you receive requests or complaints from foreign tech companies or investors?

Yes, a significant number, including from the Association of European Businesses and the American Chamber of Commerce (AmCham). Many of these requests have been related to the law on personal data storage. Some companies have even been affected indirectly by this law. For example, we helped a European maker of medical X-ray equipment; the equipment in itself had no relationship with data storage, but its use did.

We haven’t received any requests from VC investors so far, but we would certainly consider them. We usually treat all requests that concern state bodies.

In his statements over the past few years, which were marked by political tensions with the West, Dmitry Marinichev repeatedly warned about the risks associated with Russia’s potential economic and technological isolation.

To what extent is the Internet industry affected by corruption or illegal conduct by officials?

Although these things still affect Russian business life to a certain extent, they apply much less to Internet companies. It is hard to illegally seize the assets of companies [Mr. Marinichev refers to cases of property disputes involving corrupt officials (“raiderstvo” in Russian), with legitimate owners losing control of their businesses] whose value lies essentially in human resources or immaterial assets. And corruption is more difficult when payments are made online and duly registered.

Since 2014 most Western tech investors (VCs) have left or shown less interest in the Russian market. Meanwhile, some foreign tech companies have been repelled by, or could not continue to operate under, new legal rules. Would you agree that reducing tech exchanges with the West could make Russia’s technological, economic and social modernization more difficult?

At the starting point, there was the idea of less reliance on foreign technologies. But this has become, in the view of a part of the political elite, a temptation toward isolationism. In a certain sense, this is a psychological legacy of the past. Russia’s elite doesn’t have a technologically or globally-oriented mindset – which is partly a reflection of the nation’s social mindset in general.

Those born and raised in the Soviet Union in the main do not understand, much less trust, the new global technological environment that is emerging before our eyes.

To be fair, one must also say that some people in the Western world, too, may have designs of isolating Russia.

I do not support these views. Import substitution or even protectionism is a legitimate option for certain industries – agriculture, for example. But in the field of IT, this may lead to retardation. IT modernization can only be globally integrated and cooperative. What’s more, it requires the development of civil society and higher education.

Some people here like to speak about “Russia’s own path,” but in IT this is practically meaningless. The Russian IT system is the same as in any country in terms of infrastructure, usage, distribution, payments, etc. There isn’t any specific Russian background there.

Russia is definitely involved in the globalized, interdependent world. It is legitimate for a government to protect state interests – but we are witnessing the emergence of a totally new world, with people’s mind set and behaviour changing thoroughly and rapidly. And the state’s capacity to intervene and restrict things will decline.

Many people inside ministries understand these trends very clearly. But some lawmakers have a Cold War mentality, and it is also our role to try to open their minds to these new realities.

Resource: http://www.intellinews.com/interview-presidential-internet-ombudsman-dmitry-marinichev-on-the-state-s-role-in-e-commerce-134581/?source=russia

The Bank of Russia cuts its key rate by 50 bp to 7.75% p.a.

On 15 December 2017, the Bank of Russia Board of Directors decided to cut the key rate from 8.25% to 7.75% per annum. Inflation holds at 2.5% and will gradually draw near 4% by late 2018. The extension of the agreement to reduce oil production brings pro-inflationary risks down over a one-year horizon. In recognition of this, the Bank of Russia cut its key rate by 50 basis points. Medium-term pro-inflationary risks still prevail over the risks of inflation’s sustainable deviation downward from the target. The Bank of Russia will continue its gradual transition from moderately tight to neutral monetary policy.

Moving forward, the Bank of Russia’s key rate decisions will be based on its assessment of the balance of risks of inflation’s material and sustainable deviation in either direction from the target, as well as the dynamics of economic activity against the forecast. The Bank of Russia holds open the prospect of some key rate reduction in the first half of 2018.

In making its key rate decision, the Bank of Russia recognised the following factors.

Inflation dynamics. Under the impact of temporary factors annual inflation holds below 3%. It is estimated at 2.5% as of 11 December 2017.

In 2017 Q4, increased supply of farm produce on the back of growing crop productivity and the shortage of long-term storage facilities continued to exert a downward pressure on consumer price growth. As a result, annual food inflation fell to 1.1% in November 2017. The majority of factors associated with the 2017 harvest will cease to have a disinflationary influence in the first half of 2018. The contribution of the exchange rate dynamics to annual inflation slowdown diminishes and will be exhausted in 2018 Q1.

Annual growth in prices of non-food products, which stood at 2.7% in November, is observed to decline, while services prices went up by 4.2% over the year. According to Bank of Russia estimates, the majority of annual inflation indicators reflecting the most sustainable price movements are somewhat below 4%.

The slowdown of inflation was conducive to a decline in inflation expectations, which nevertheless remains unstable and uneven. The anchoring of inflation close to 4% will require both further decrease in inflation expectations and making them less susceptible to price changes.

Annual inflation is expected to be under 3% in late 2017 and come close to 4% by late 2018 as the impact of temporary factors is exhausted.

Monetary conditions. The key rate decision and the potential for its decrease in the future will contribute to further easing of monetary conditions, thus creating prerequisites for inflation to approach 4%. While nominal bank rates keep declining, real bank rates remain in the positive territory. Non-price lending conditions are gradually becoming looser for the most reliable borrowers but are still restrictive.

In the course of the transition to neutral monetary policy, the shape of the yield curve will continue to change from inverted to normal. Given the situation, the potential for lowering the short-term rates is greater than for the long-term ones.

The current conditions continue to encourage savings and ensure that consumption growth is balanced. These trends will persist amid further gradual easing of the monetary policy and low risk appetite of lenders and borrowers.

Economic activity. According to Bank of Russia estimates, at the end of 2017, the economy’s growth rate will be close to the potential at 1.7-2.2%. Therefore, monetary conditions generate low inflationary pressure without restricting economic growth. Although October saw inconsistent trends in the dynamics of economic activity, producer sentiment remains at a relatively high level. It will be further supported by growing domestic demand amid higher real wages as well as by the recovery of the global economy. Unemployment does not generate any excessive inflationary pressure.

In view of the extension of the agreement to reduce oil production, the Bank of Russia has raised its GDP growth forecast for 2018 in comparison to the previous baseline scenario. However, the medium-term prospects of the Russian economy saw no changes. Over the forecast horizon, economic growth will not exceed 1.5-2.0%, which corresponds to the current estimates of its potential level.

Inflation risks. Depending on the situation, a number of factors may cause inflation to deviate from the target both upwards and downwards. They include the dynamics of food and oil prices, which are characterised by high volatility. The fiscal rule will set off the impact of the oil market conditions on inflation and the domestic economic environment as a whole. At the same time, certain factors generate mostly pro-inflationary risks: this includes the situation in the labour market, potential changes in the consumer behaviour, and the nature of inflation expectations.

The extension of the agreement between oil-exporting countries lowers the uncertainty of energy prices’ dynamics and related pro-inflationary risks over a one-year horizon. However, the risks of upward deviation of inflation from the forecast in the medium term still prevail. First, increased structural labour shortage may cause labour productivity growth to considerably lag behind wage growth. Second, inflationary pressure may stem from changes in households’ behaviour as the propensity to save becomes much lower. Third, inflation expectations remain elevated and subject to fluctuations caused by movements in prices of certain goods and services and the exchange rate. Besides, the medium-term balance of risks for inflation dynamics will depend on potential budgetary and tariff decisions in 2019–2020. The Bank of Russia will also monitor risks posed by external factors all over the forecast horizon.

Moving forward, the Bank of Russia’s key rate decisions will be based on its assessment of the balance of risks of inflation’s material and sustainable deviation in either direction from the target, as well as the dynamics of economic activity against the forecast. The Bank of Russia will continue its gradual transition from moderately tight to neutral monetary policy and holds open the prospect of some key rate reduction in the first half of 2018.

The Bank of Russia Board of Directors will hold its next rate review meeting on 9 February 2018. The Board decision press release is to be published at 13:30 Moscow time.

Resource: https://www.cbr.ru/eng/press/PR/?file=15122017_133000eng_keyrate2017-12-15T13_28_59.htm

BRIEF—UK-Russia AMR partnership announced

Leaders of the fight against antimicrobial resistance (AMR) in the UK and Russia have announced a formal agreement to work together.

The AMR Centre (AMRC), in northern England, will collaborate with Russian science and technology organization, the Skolkovo Foundation, which is based in Moscow. They will work in partnership to identify opportunities for joint UK-Russian funding to support collaborative projects between organizations in both countries.

The agreement, announced during the Genesis Conference at the QEII Centre in London on Thursday, and also at the UK-Russia Healthcare & Life Sciences Forum in Moscow, will see the AMRC support Skolkovo-based companies working on pre-clinical development of new therapies and diagnostics for AMR.

The center will offer assistance in the form of research and development expertise and help with funding applications, including applications for international funding from its alliance partner, CARB-X, a $400m global initiative backed by the US government and the UK charity the Wellcome Trust.

Peter Jackson, executive director of the ARMC, said: “AMR is a very serious issue in Russia and we are pleased to be able to collaborate with Russian companies working in this field and offer our assistance and advice with funding and clinical expertise. There is a deep well of scientific resource in Russia which can be directed at this challenge and we will use our knowledge and contacts to help coordinate activity and bring on projects which might not otherwise progress.”

“We are part of a number of UK government initiatives to build partnerships overseas and this will be a central part of our mission as we move into 2018.”

Resource: https://www.thepharmaletter.com/in-brief/uk-russia-amr-partnership-announced

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/.