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Ministry of economic development of the Russian Federation

London to host 4th Russian-British Business Forum on November 26-27

09.08.2018

The 4th Russian-British Business Forum will be held in London in November amid an increase of trade turnover between the two countries by one third, Boris Abramov, Russia’s trade representative in the UK told TASS.

"Since the end of 2016, the growth in trade turnover has been observed practically in all sectors. According to the latest data of the British Customs Service, in January-May 2018, trade with Russia totaled $5.26 bln and grew by 34.7% in comparison with January-May 2017," Abramov said. He noted the growth of non-oil-and gas products in the structure of Russian exports to the UK but did not name any specific figures.

"In terms of direct accumulated British investment in Russia, the indicators came close to the pre-crisis level and amounted to $19 bln, compared with $22 bln in 2013. For reference, in 2014, the amount of direct accumulated British investment in Russia fell to $7 bln," the trade representative said.

According to him, the 4th Russian-British Business Forum (RBBF), which is the largest annual Russian business event in London, will be held November 26-27 at the Queen Elizabeth II Conference Center.

This year, the RBBF will become a platform for dialogue under the slogan "Partnership in Innovations". More than 800 delegates representing government agencies, business, public organizations and development institutions of the two countries are expected to attend the forum.

"The RBBF has become the largest annual Russian trade and investment event in London. It presents the best Russian export goods and services, determines opportunities for cooperation in the promising sectors of the economy. It also enables fruitful development of business contacts and strengthening confidence in Russian brands," Abramov said.

About Forum

The RBBF is organized by the Russian Trade Mission in the UK with the support of Russian agencies involved in foreign trade, the Russian Embassy in the UK, the Roskognress Fund and more than 30 Russian and international partners. The Forum is held annually as part of the Eastern Seasons, a week of business and cultural Russian events in London.

A source: TASS



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