Whereas tensions between London and Moscow have been excessive in recent times, the advantages of financial cooperation between the 2 might assist to beat the political disaster, government chairman of En+ Group, Greg Barker, has advised RT.
“I believe there may be numerous potential within the Russian marketplace for UK firms and whereas the bilateral relationship between the 2 nations stays tough, however commerce is one thing very tangible that we will concentrate on as there either side could make a extremely constructive affect for good,” Barker mentioned in an interview on the sidelines of the annual Russian-British enterprise discussion board in London.
The enterprise occasion reveals that each UK and Russian firms are looking for alternatives for cooperation, he burdened. Thus, British companies can develop their footprint in markets outdoors Europe, which might be particularly vital after the looming Brexit, and Russian corporations can discover dependable European companions.
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En+ Group plc is a Russian multinational firm listed on the London Inventory Change. It’s a main world aluminum and energy producer.
In 2018, the corporate was added to the US sanctions checklist in an effort to restrict the management of the agency by Russian businessman Oleg Deripaska. The identical yr, chairman of the board of administrators Gregory Barker proposed a plan aimed toward eradicating the corporate from the sanctions’ checklist. It envisaged the discount of Deripaska’s shareholding to under 50 p.c and the creation of an unbiased board of administrators. As soon as that was executed, the US Treasury introduced it was lifting sanctions towards the corporate.
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