Actions and Detail Panel
Market Export Briefing: Russia
Wed 5 April 2017, 09:30 – 13:00 BST
Join this event hosted by John Lindfield, Counsellor and Director of Trade & Investment Russia to get an update on the Russian market including the growing opportunities and the ‘new normal’ of doing business in this interesting and diverse market.
Russia has the smallest population of the BRIC economies but is the wealthiest in per capita terms (by a considerable margin). It has also made significant headway in meeting the target of reaching 20th position in the World Bank's Doing Business rating by 2018; it currently ranks 40th, ahead of other BRIC markets.
Russia's domestic supply of goods and services remains underdeveloped – it is and will continue to be heavily import dependant for the foreseeable future.
Some bilateral cooperation and trade support activity is being affected following Russia’s interventions in Ukraine and the illegal annexation of Crimea. The European Union’s (EU) restrictive measures are targeted, and outside of those specific areas, there remain significant opportunities for UK companies.
Russia’s diverse regions also present opportunities for UK business. These regions are increasingly competing to attract international investment.
Benefits for UK businesses exporting to Russia include:
desire of Russian companies to use international accounting and legal standards
respect for ‘UK made’ brands, including retail and luxury
anticipated increase in the number of Russian mid and small sized businesses
Strengths of the Russian market:
young and well educated workforce
strong transport links and logistics
access to supply chains that could lead to exports to other markets in the Commonwealth of Independent States (CIS)
UK goods and services exports to Russia were worth £7.6 billion in 2013 but the UK’s share of the Russian import market still remains below that of France, Germany and Italy.
Top UK exports include:
09.30-10.00 – Arrival and registration (with refreshments)
10.00-10:05 – Welcome and introductions from DIT
10.05-10.45 – Russia market briefing - John Lindfield, Director of DIT in Russia, British Embassy in Moscow
10.45-11.00 – Legal considerations when exporting to Russia - DWF
11.15-12.00 – Q&A with speakers and experts – including DIT, DWF and UK Export Finance
12.00-13.00 – Networking lunch
13.00 – Event close
Please note: Once you have registered your interest in this event you will be contacted after to confirm your space.