1. Economic and Trade developments in Russia meeting with EU Member States' consulates in Saint Petersburg 31 May Luis Portero EU Delegation to the Russian Federation

2. Macroeconomic stabilisation on the back of stable commodity prices

3. Modest GDP growth is expected in 2017-2018…

4. … several macroeconomic indicators move back to positive territory…

5. … but real disposable income still declining

6. Increase in trade in 2017

7. Subsidies, Local Content, Export support
Localisation / local content
* Decree n.550 of on the means to prove the domestic origin of goods:
- SPIC
- Certificate of compliance with Decree n.719
- Certificate of compliance with Rules of origin
Export support
* "Passport" adopted on
* Decree No 496 of 26 April 2017 – subsidies to cover transport costs for exports of automobiles and agricultural machinery
Other Subsidies
*Plan adopted on – general measures; automotive sector; other transport vehicles; agricultural machinery; construction machinery; food-processing machinery; light industry
* Meeting of the import substitution committee on – package of regulations to implement subsidies

8. Public procurement and SOEs
Russia has adopted a series of sectorial measures restricting access to government procurement in an increasing number of sectors/products In addition, there are discriminatory measures against imported goods and services in the procurement by SOEs: 1 January 2017 – Entry into force of a general "priority" for domestic goods and services in procurement by SOEs – Decree n°925 of 16 September * 15% price preference for domestic goods and services * Russian SOEs already integrated the new requirements in their internal procurement manuals (e.g. Gazprom) * Rules for the determination of the origin of goods

9. De-listing of agricultural exporting establishments
Agricultural products
De-listing of agricultural exporting establishments
* For those exporting establishment that have not exported to Russia over the past months
Wine excise duties
* Lower excise duties for wines with GI protection
* Only Russian wines are eligible for the lower excise duties
* Risk of retroactive payment

10. Pork meat (WT/DS475) – appeal report issues on 23.02.2017
WTO Developments
WTO DISPUTES
Pork meat (WT/DS475) – appeal report issues on
Import tariffs dispute (WT/DS485) – end of "reasonable period of time" on
Light Commercial Vehicles dispute (WT/DS479) – appeal launched on

11. Thank you!