In 2016, as part of the Second Russian-British Business Forum, business and government representatives from the two countries, including members of the United Kingdom Parliament, employees of relevant departments, representatives of public and private companies working in the financial sector, energy, transport, information technology, retail and other industries delivered presentations.
Despite the sanction situation, analytics, ideas and proposals for developing cooperation formulated within the Forum improved mutual understanding on the economic and trade agendas of the two countries and brought their positions closer together. Within the Forum, the basis was laid for expert cooperation in 2017 and the development of new projects in a number of industries.
Together, thanks to the success of the Forum in 2015 and 2016, ongoing dialogue and business activity, the parties have been able to reverse the negative trend of trade reduction and return for the first time in the last three years to its planned growth.
"We are trying to understand Russia's position and improve our relationship. I must say, it is not too bad anyway. I think it will become even better due to the current state of world affairs. I believe we have to look at the dynamics of the events. EU sanctions against Moscow are not likely to be called off in the near future. At the same time, Britain is leaving the European Union", Edward Lee MP and Chairman of the British All-Party Parliamentary Group on Russia said at the Forum.
"Business cooperation has become a victim of geopolitical and economic sanctions. However, the UK remains one of Russia's largest trading partners and investors. Despite the current situation, British companies are demonstrating an interest in the Russian market", commented Boris Abramov, Trade Representative of the Russian Federation in the UK.
In recent years, BSI Global Group, Aeroflot-Russian Airlines, Sberbank of Russia, Dell EMC, IDS, Iceland Foods, Pinsent Masons, the Russo-British Chamber of Commerce, Enterprise Europe Network, Business Russia, the Skolkovo Foundation, the Agency for Strategic Initiatives and other organisations have become Forum partners.