RBCC Business Forum Highlights Opportunities in Russia and its Regions
On 5-6 June 2013, State Solutions LLP took part in the 10th Business Forum of the Russo-British Chamber of Commerce in London.
It is the leading event bringing together leaders of business communities from Russia and the UK. The forum attracted more than 300 delegates over two days, including senior executives of Russian and UK companies, to discuss various issues in business relations between the two countries. Among the key speakers were RBCC Chairman Roger Munnings CBE, HRH Prince Michael of Kent, UK Minister for Europe Rt Hon David Lidington MP, HE Russian Ambassador to the UK Alexander Yakovenko, and BP Group Chief Executive Bob Dudley.
State Solutions LLP’s Managing Director Alex Andreev took part in the conference’s multiple sessions on bilateral trade and investment. The opportunities for foreign investment in Russia and its regions became a key point of discussion. It focused on the practical aspects of importing into Russia, customs regulations implementation, business ethics and compliance, and investing in innovation as a positive factor for Russia’s economy.
The forum examined the patterns of investment between Russia and the UK, the challenges faced by investors and the ways to deal with them. Deputy Governor of Kaluga Region Vladimir Potemkin, Deputy Governor of Penza Region Vladimir Volkov, and Chairman of Tatarstan Chamber of Commerce and Industry Shamil Ageev shared their local governments’ experience in attracting and helping foreign businesses operate in their regions.
State Solutions LLP’s Alex Andreev engaged in discussions throughout the event highlighting the importance of government relations for doing business in Russia across industries. “The accents of this forum prove that effective government relations and regulatory awareness is a crucial factor for foreign companies who wish to operate in the Russian market to the best advantage and most efficiently,” said Alex Andreev. “When a business is empowered with local knowledge and competence in dealing with policy, regulatory and administrative requirements, it has more chances to avoid bureaucratic barriers and operate with better return on investment”, he added.