On November 15, 2018, the Russian Trade Representation in Sweden hold a reception dedicated to the 100th anniversary of the establishment of trade relations between the Russian Federation and the Kingdom of Sweden.
The official reception was attended by the representatives of the Swedish business community, the Swedish Foreign Ministry and other Swedish governmental institutions, as well as representatives of the diplomatic corps.
The Ambassador Extraordinary and Plenipotentiary of the Russian Federation to Sweden V.I. Tatarintsev, Trade Representative of the Russian Federation in Sweden A.V. Abramov and the Director General for Trade of the Swedish Ministry of Foreign Affairs Mr. Teppo Tauriainen addressed the audience with the welcoming speeches.
Trade and economic relations between Russia and Sweden are staying stable. In 1918, Sweden became the first western country to supply agricultural equipment for the Russian Federation. In the Soviet years, such well-known Swedish companies as De Laval, Tetra Pak, and Volvo established at the Russian market. Today more than 500 companies with Swedish participation are registered in the Russian Federation, most of them manufacturing companies. Well known Swedish companies Atlas Copco, Epiroc, SKF and many others make a significant contribution to the development of the Russian economy. Swedish companies steadily occupy leading positions in comparison with the other investors to Russia by the volume of the direct investments to the Russian economy. IKEA, for example, is the largest private foreign investor in Russia. The investment fund East Capital is the largest institutional investor in the Russian securities.
For the Russian Federation, it is of great importance to attract, together with Swedish investments, advanced technologies and innovations, the experience of increasing production efficiency and forming a circular economy.