School 1908 Project RUSSIA AND THE UNITED KINGDOM

School #1908 Project RUSSIA AND THE UNITED KINGDOM: THE VECTORS OF TRADE AND ECONOMIC COOPERATION VOLOKHOV ALEXANDER ANDRUSHENKO VICTORIA Form 11 Project supervisor Lushova I. V.

Aimes: 1)to know better our modern world with all its details and make an acquaintance with different cultures 2) to develop your language skills and show them in oral speech 3) to learn more interesting facts about the history of countries of The English. Speaking World Problems to solve: 1) to look through the Internet or other sources in order to elucidate Russian and British economics 2) to find the best way of solving the problem of economic cooperation between Russia and the UK 3) to invent an exclusive bank system with its own credit cards which will help people from Russia and the UK to use online shops more easily

HISTORICAL REFERENCE The history of relationship between England Russia is estimated 460 years. The diplomatic and economic relations were established during the reign of Ivan IV the Terrible, when the expedition of Richard Chancellor arrived in Moscow looking for a northeastern route to China and Asia. With the increased interest in Russia as a diplomatic partner, Englishmen started to establish trade turnover and got interested in Russia’s economy.

What does economy mean? An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Today the range of fields of study examining the economy revolve around the social science of economics, but may include sociology (economic sociology), history (economic history), anthropology (economic anthropology), and geography (economic geography).

Economic development in Russia More than a decade after the collapse of the Soviet Union in 1991, Russia is now trying to develop market economy further and achieve more consistent economic growth. Russia saw its comparatively developed centrally planned economy contract severely for five years, as the executive and the legislature dithered over the implementation of reforms and Russia's aging industrial base faced a serious decline. The recent recovery, made it possible due to high world oil prices, along with a renewed government effort in 2000 and 2001 to advance lagging structural reforms, has raised business and investor confidence over Russia's prospects in its second decade of transition.

The UK economy The United Kingdom has the 6 th-largest national economy in the world (and 3 rd-largest in Europe) measured by nominal GDP and 8 th-largest in the world (and 2 nd-largest in Europe) measured by purchasing power parity (PPP). The UK economy comprises (in descending order of size) the economies of England, Scotland, Wales and Northern Ireland. In 2013 the UK was the 4 th-largest exporter in the world and the 4 thlargest importer, and had the 2 nd-largest stock of inward foreign direct investment and the 2 nd-largest stock of outward foreign direct investment. The UK is one of the world's most globalized economies.

RUSSIA AND THE UNITED KINGDOM: THE TRADE AND ECONOMIC COOPERATION

Russian-British BANK

Credit cards have made shopping much easier for millions of people. With a credit card, you don’t have to carry lots of cash with you when you are going shopping. You just need to take one plastic card with you. First of all you have to choose for yourself which kind of credit card you would like to have(Classic, Silver, Gold). Every card has its own advantages.

If you are only going to buy clothes, books, cosmetics, etc. online , classic card is for you.

If you are going not only to buy things and also to save up bonuses that will be accumulated after every shopping, silver card is for you. Besides, you can spend these bonuses with next shopping in every shop which is in our alliance. It is kind of a discount.

If you want to be a member of our VIP club, that gives you an admission to luxuries, gold card is for you. Free shipping, 30% discount for every shopping, double bonuses to our privilege club members.

What makes our cards unique? Services Account management and money transfer via Mobile Bank. Discounts and special offers from Russian-British bank partners. Discount and privilege programs from Visa (www. visa. com. ru). Emergency cash withdrawal in case of card loss abroad. Autopayment Secure online transactions Cashless transfer (debiting, transfer) via ATMs and self-service terminals Available card transactions Cashless payment for goods and services both in Russia and abroad. Online payment for goods and services. Cash withdrawal via ATMs both in Russia and abroad. Payment transactions using bank card details (by e-mail or on the phone) Card account replenishment by cash or cashless settlement (transfer to a card) Linking the card to Paypal, Qiwi etc.

Resume Thus, the economic relations between Russia and Britain are one of the most relevant topics nowadays. Russian-British relationship has a long history and has the legal and institutional framework. Trade and investment have been actively developing between Russia and Britain. But at the same time Russia is not a major trade and investment partner for the UK. However, there are many factors which can positively influence the future of Russian-British cooperation. Britain has always attracted the attention of the citizens of Russia. Now the normalization of bilateral political dialogue has acquired options for sustainable trend. Our relations are developing steadily, rapidly and in the right direction, in the mutual interests of Russia and the UK.

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