Russia is able to demonstrate considerable progress in economic development. GDP is rising, industrial production is increasing and by 2019, it is estimated that Russia's credit rating will reach investment grade. In 2017, positive dynamics in overseas sales of Russian non-energy goods and services was restored, and in 2018, for the first time since 2012, Russian non-energy exports reached another record-high. This progress is the result of our geographical and commodity diversification in exports.
The UK, as a global leader in many industrial and financial sectors, is a high priority for Russia. Despite sanctions, British companies continue to cooperate with Russian businesses and recognize the importance of Russia as a bilateral trading partner. At the end of 2016, primarily due to the Russian commodity and non-energy exports to the UK, the trade volume between Russia and the UK has significantly increased.
Russia became the 10th
major partner of the United Kingdom in 2018, notably in Russian non-energy exports, however, taking into account the significant untapped potential of economic cooperation between the two countries, opportunity abounds. So, what are the prospects of further economic interaction between Russia and Great Britain? What are the conditions required to promote new Russian-British cooperation? What role can the UK play in assisting in the economic modernization of the Russian Federation, and conversely, what contribution can Russia play in the developing the British economy after Brexit? These questions will be discussed during the plenary session "Development of Russian economy and cooperation with the United Kingdom" Speakers and participants:
Boris Titov, The President's Commissioner on the rights of entrepreneurs in the Russian Federation, co-Chairman of the all-Russian public organization "Business Russia";
- Maxim Parshin, Deputy Minister of of Digital Development, Communications and Mass Media of the Russian Federation;
- Sergey Morozov, Governor of the Ulyanovsk region;
- C. Hendry, President of the RBCC Advisory Council;
- Representative of the UK Department for international trade;
- R. Munnings, member of LUKOIL Board of Directors, AFK Sistema, PJSC MMC Norilsk Nickel;
- Svetlana Chupsheva, General Director of the Autonomous non-profit organization "Agency for strategic initiatives" for new projects promotion;
- Аndrey Slepnev, General Director, JSC "Russian export center";