Britain intends to expand economic ties with Russia on a long term basis

UK intends to promote interaction between British and Russian business. This was stated by Minister of State for Business UK Vince Cable. The day before he arrived on a three-day visit to Moscow at the head of the largest British business delegation of visiting Russia for the past 40 years. "

According to him, Britain is set to expand economic ties with Russia on a long term basis. "Russia has great potential not only for trade but also for investments - said Cable. - British companies are actively engaged in business here, the Russian businessmen to actively open up a business in London. We intend to encourage those opposing processes. " According to him, "it's not just merchandise trade but also on the development of scientific cooperation between universities. This is the very foundation on which we will continue to build relationships. "

The Minister cited the example of the success of British companies in Russia in such areas as energy and high technology. "Many of our companies are well established themselves in Russia, - he said. - But, as in many emerging markets, it is about long-term commitments, building relationships. "

Cable said that the export of British goods in Russia has grown over the past year by 35%, and planned to increase it.

"It's part of our broader program to stimulate growth in the United Kingdom economy - he said. - We want to emerge from the financial crisis is not due to reductions, and due to growth. This will occur through increased exports, especially to new, rapidly growing markets. In recent months I have visited Brazil, China, India, and now I am in Russia. These countries will remain the focus of our commercial diplomacy. "