Russian President received a number of UK entrepreneurs, presidential website reported, citing him as saying that bilateral trade “Grew by 23% in 2017, and after energy prices stabilized, it increased by another 8% last year to $13.7 bln. Cumulative British investment in the Russian economy amounts today to $23.8 bln while the relevant figure for Russian investment in the UK exceeds $11 bln.”
According to the President, “Over 600 enterprises partly owned by British businesses operate in our country in mechanical engineering, pharmaceutical and other innovation-driven industries. The energy corporations of Russia and the UK are involved in producing and processing crude oil and gas, raw materials, and generating and delivering electric power. They are jointly implementing major projects such as Nord Stream 2 and Sakhalin 3.”
“Experts from London’s City are involved in efforts to create an international financial centre in Moscow, and the London Stock Exchange facilitates capital flows to Russia with securities of almost all public Russian companies being listed at the LSE,” he noted, adding, “Russia is now 31st in the World Bank’s Business Freedom Index having risen dozens of places over the past five years.”