Russia remains an attractive target for exporters and investors, with favourable cross-sector opportunities, some unique in scale. The government’s economy modernisation and infrastructure development agenda, underpinned by 140mln consumer’s appetite for quality services and goods produces a need for international expertise and products.
With its rich natural resources, a well-educated workforce and a reforming industrial base Russia has the potential for substantial future growth.
Russia is the largest country in the world with a population of 142 million people. It is the eighth largest retail market in the world and the fourth-largest market in Europe. Despite slowing growth, and reduced public and private investment programmes, opportunities do remain due to the Russian oil and gas boom.
Russia remains a long term market of great potential for British exporters and investors. UK-Russia economic relations remain strong. Russia is now the UK's twelfth largest export market and UK exports of goods to Russia were valued £2.4b in 2009. The UK accounts for 2% of Russian imports.
What are the opportunities?
Western goods and expertise remain in demand. The most promising opportunities for UK companies are in the Advanced Engineering, Financial Services, ICT, Power/Energy, Sports & Leisure Infrastructure (particularly the Sochi 2014 Winter Oympics), Airports, Construction, Creative Industries, Rail and Water.
The information provided above is merely an overview; should you require further details you can obtain comprehensive international trade assistance from UK Trade and Investment (UKTI). To find out more information about this country, visit the UKTI Russia web page.
If you're interested in attending an event relating to this country or the possibility of joining a trade mission, please visit the UKTI East Midlands website. If you would like to speak to a UKTI International Trade expert about doing business with this country, please call the UKTI East Midlands office on 01332 826394.
The guides above (courtesy of UKTI & British Chambers of Commerce) give a commercial summery of the region with key facts GDP by sector as well as useful contacts. This publication is also availible in print, Please email emita stating your name, company, address, telephone and email address and we will send it in the post to you free of charge.