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Ladies and gentlemen! Dear friends!

Mikhail Mishustin’s video greeting to the participants of the meeting of the American-Russian Business Council

On behalf of the Government of the Russian Federation, I am pleased to welcome the participants in the annual meeting of the American-Russian Business Council.

For decades, the Council has been actively promoting the development of trade, economic and investment cooperation between Russia and the United States. Plays a positive role in strengthening constructive dialogue between the business circles of the two countries.

It is important that regardless of the state of Russian-American political relations, your organization is a consistent supporter of maintaining pragmatic and mutually beneficial cooperation. And also – the implementation of joint economic and investment projects.

The Council provides effective multidimensional support to entrepreneurs, including small and medium-sized businesses. Helps create new jobs. All this stimulates economic growth in Russia and the United States.

The work of the American-Russian Business Council takes on particular importance in the context of unilateral sanctions against Russia and new global economic challenges. You are in favor of improving the business climate, against the establishment of barriers to trade and investment.

I would like to emphasize that confrontation will not lead anyone anywhere. It fetters business initiative, boomerang in the interests of a particular entrepreneur. Limits business opportunities.

Russia adheres to a fundamentally different position. We continue to improve the conditions for the operation of foreign, including American, business. Of course, we are forced to react to the discriminatory, illegal restrictions introduced against us. But this is not our choice – we are not going to put obstacles.

On the contrary, we support the active presence of leading US companies in the Russian market. We acknowledge their great practical contribution to the activities of the Foreign Investment Advisory Council under my chairmanship. Its next meeting will be held next week in Moscow.

We welcome the participation of American entrepreneurs in authoritative international economic forums taking place in our country. We are counting on a similar approach to Russian business on the part of the US leadership.

It is important that Russian-American trade and economic ties rest on a solid foundation. Despite the unfavorable environment, bilateral trade, which declined last year due to the coronavirus pandemic, is showing a steady upward trend.

From January to July 2021, the volume of mutual trade increased by 47% compared to the same period last year and amounted to $ 19.8 billion.

At the same time, Russian exports grew by 60% and reached almost $ 10 billion. Imports from the United States increased by a quarter and exceeded $ 16 billion. The statistics are more than indicative.

I am convinced that our countries have many promising areas for cooperation. For example, in the Arctic, Russian and American companies could take part in joint projects to preserve unique ecosystems and balanced development of the region.

We can and must work together to confront global climate change. Fight the novel coronavirus pandemic together.

The Russian government considers it important to create favorable conditions for the development of Russian-American trade, economic and investment cooperation. To jointly search for new business opportunities and launch promising projects – in the interests of developing practical cooperation and improving the well-being of citizens of Russia and the United States.

In conclusion, I would like to wish you fruitful discussions, successful work and the implementation of all your plans.

Thank you for attention.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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