Ministry of Economic Development of the
Russian Federation
Trade Representation of Russia in Belgium
and Luxembourg
Business Opportunities in Russia
Head of the Trade Representation of Russia in Belgium and Luxembourg
Vladimir Vorobiev
10th
Mechelen,
December, 2014
Business Opportunities in Russia
Russian Economy Today
Ranking in Doing Business: 2014 – 62; 2013 – 92
Russia - is the sixth largest economy in the world from the point of view of GDP volume (2,6
trillion USD based on PPS)
From the point of view of GDP per capita Russia is the 16th in the world (24,3 thousand USD)
Public debt is the lowest compared to GDP among the BRICS countries and USA in 2013
(Russia - 11,3%; USA - 104,7%; China - 22,4%; Brazil - 66,3%; India - 66,7%)
National gold reserves - Russia holds the fifth place in the world with 510 bln. USD. (China 3 879 bln. USD; Japan - 1267 bln. USD; Saudi Arabia - 726 bln. USD; Switzerland - 536 bln.
USD)
Russia is the seventh largest market (145,6 mln. people)
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Russian Economy Today
Average monthly salary in Russia in 2013 is 937 USD (15 times growth from the year 1999)
Industrial production is growing (+1,5%)
Nice crop harvest (102-104 mln. t., annual growth of 10-13%)
Foreign trade turnover in 2013 is 842 bln. USD (with EU- 49%; CIS - 14%; APEC - 25%:
China - 11%, Japan - 4%, USA - 3%, India - 1,2%)
The capital outflow has reduced (23,7 bln. USD in the II semester and 13 bln. USD in the III
semester compared with 48,6 bln. USD in the I semester)
In 2014 the GDP growth of 0,5% is foreseen
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Russian-Belgian trade & economic relations

Belgium is an important trade & economic partner for Russia

We are satisfied to observe positive dynamics in all areas of our trade & economic
cooperation: trade in goods and services, investments, industrial and scientific cooperation
 During the eight months of 2014 the turnover between Russia and Belgium has increased by
15,3 to reach 8,8 bln. USD. Belgium is the 17th most important trade partner for Russia

The volume of trade in services grows steadily and has reached 1,2 bln. USD in 2013
 The amount of Belgian investment accumulated in Russia – 3,9 bln. USD
 The amount of Russian investment accumulated in Belgium – 232,7 mio. USD
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
4
Business Opportunities in Russia
Commodity Structure of the Russian Exports to Belgium in 2013
1,7%
fuel and energy products
0,3%
0,7%
precious stones, semiprecious
stones and products thereof
8,1%
metals and products thereof
14,4%
50,0%
products of chemical and related
industries
w ood and products thereof
24,8%
machinery, equipment and
vehicles
other
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
5
Business Opportunities in Russia
Commodity Structure of the Russian Imports from Belgium in 2013
products of chemical industry
machinery, equipment and
sound-recording equipment
polymeric materials, plastics,
rubber and products thereof
16,2%
2,3%
3,7%
4,2%
5,0%
5,4%
34,9%
vegetable products
ferrous metals
11,7%
16,6%
prepared foodstuffs, beverages,
tobacco
mineral products
optical and measuring
equipment
other
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Main areas of cooperation
Aviation & Space
(LMS, Barco, Thales Alenia Space, Skywin)
Energy & Petrochemistry
(Solvay, Eurochem, Lamifil, Lhoist,Gunvor)
Transport & Logistics
(Ahlers, DEME, Jan De Nul, ports of Antwerp, Ghent, Zeebrugge and
Ostende)
Healthcare & Pharmaceutics
(IBA, Janssen Group, UCB Pharma)
Innovations
(University of Ghent, Catholic University of Leuven, IMEC)
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Economic cooperation between Belgium and Russian Regions
For many Russian regions Belgium is the major trade and investment partner
The most attractive sectors for Belgian enterprises at the regional level are:
Chemical industry
Construction
Agriculture
Healthcare
R&D
Transport & Logistics
The most active areas are:
Moscow and Moscow Region
Saint-Petersburg and Leningrad Region
Nizhniy Novgorod Region
Krasnodar Region
Republic of Tatarstan
Tomsk Region
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of the Eurasian Economic Union to Belgium
Dates: February, 2015
Participants: Officials of the Eurasian Economic Commission and businessmen
Aim: Matching of European and Eurasian businessmen; informing European
partners about the Eurasian Economic Union
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of the Belgian transport and seafood sector to Russia
(Saint-Petersburg and Murmansk Region)
Dates: March, 2015
Participants: Saint-Petersburg & Murmansk Region Government; CCI of
Saint-Petersburg and Murmansk; Pulkovo Airport; Rosmorport; Port of SaintPetersburg
Aim: Establishing of new cargo airline Murmansk-Antwerp; promoting of
Russian seafood export to Belgium and Luxembourg; attending the International
exhibition “Sea, Seafood and Technologies”, 17-19 March, 2015 in Murmansk
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of the Vologda Region to Belgium and Luxembourg
Dates: 1st semester, 2015
Participants: Vologda Region Government; companies Severstal, Vologda
Berry, VOMZ
Aim: Development of cooperation in the metallurgy, food sector and optics
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of the Kostroma Region to Belgium and Luxembourg
Dates: 1st semester, 2015
Participants: Kostroma Region Government; food and light industry of the
region
Aim: Development of cooperation in the food sector and light industry
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
12
Business Opportunities in Russia
Business Mission of Saint-Petersburg to Belgium
Dates: 1st semester, 2015
Participants: Saint-Petersburg Government; Saint-Petersburg CCI; transport
and healthcare sector
Aim: Presentation of investment opportunities of Saint-Petersburg; attracting
Belgian investors to Saint-Petersburg investment projects
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
13
Business Opportunities in Russia
Business Mission of the Stavropol Region to Belgium and Luxembourg
Dates: 1st semester, 2015
Participants: Stavropol Region Government and businessmen
Aim: Entering the Belgium market by companies from the Stavropol Region
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
14
Business Opportunities in Russia
Business Mission of the Chelyabisk Region to Belgium and Luxembourg
Dates: 2nd trimester, 2015
Participants: Chelyabinsk Region Government and businessmen
Aim: Entering the Belgium market by companies from the Chelyabinsk Region
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of Russian hi-tech industry to Belgium
Dates: 2nd trimester, 2015
Participants: Rusnano, Skolkovo, JSC RVK, Technospark, Eltech
Aim: Development of hi-tech cooperation and exchange of new technologies
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of the Moscow Region to Belgium
Dates: April, 2015
Participants: Moscow Region Government and healthcare sector
Aim: Involving Belgian partners in modernization of the healthcare system in
the Moscow Region
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of the Krasnodar Region to Belgium and Luxembourg
Dates: 2nd trimester , 2015
Participants: Krasnodar Region Government; tourist sector of the region
Aim: Involving Belgian partners in modernization of the tourist infrastructure
of the Krasnodar Region, participation in bilateral tourist programmes
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
18
Business Opportunities in Russia
Participation of Belgian and Luxembourg companies in the IV International
Business Summit in Nizhniy Novgorod
Dates: September, 2015
Participants: Nizhniy Novgorod Region Government; companies RusVinyl,
RusPav, JSC Okskaya Sudiverf, JSC Krasnoe Sormovo, Nizhniy Novgorod
Research Institute of Traumatology and Orthopedics
Aim: Development of cooperation in the areas of healthcare, shipbuilding and
infrastructure, transportation and logistics, automotive
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Participation of Belgian and Luxembourg companies in the Open Innovations
2015 Forum
Dates: October, 2015
Participants: Russian Innovative Clusters; Rusnano; Skolkovo; Eltech; Saint
Petersburg National research University of Information Technologies, Mechanics
and Optics; Saint Petersburg Electrotechnical University LETI
Aim: Involving Belgian partners in modernization Russian research centers,
development of cooperation in hi-tech area
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
Business Mission of Russian space sector to Belgium and Luxembourg
Dates: 2nd November, 2015
Participants: Roscosmos; TSKB Progress; Reshetnev ISS; RKK Energia
Aim: Launching of joint space programs; development of cooperation in the
space industry
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Business Opportunities in Russia
X Session of the Joint Economic Commission Russia-BLEU (Luxembourg)
and Business Forum
Dates: December, 2015
Participants: Governments of Russia, Belgium and Luxembourg, key
business players
Aim: Development of economic cooperation between our countries, signing
of cooperation agreements
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Contact Information
Trade Representation of Russia
in Belgium and Luxembourg
Drève de Lorraine 45
B-1180 Bruxelles
Tel. : +32 (0)2 375 40 20
Fax : +32 (0)2 375 74 10
traderep.ru@skynet.be
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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Thank you for your attention!
Ministry of Economic Development of the Russian Federation
Trade Representation of Russia in Belgium and Luxembourg
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