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]]>The post Sanctions Cut Both Ways – Is it Time to Change our Approach to Sanctions? appeared first on Westminster Russia Forum.
]]>Recently, The WRF held an event on Free trade vs. Sanctions – opportunities for the UK and Russia, with guest speaker Mark Littlewood, Director of the Institute of Economic Affairs (IEA), the well-known and highly respected economic think-tank based in Westminster. There were essentially two aspects of the sanctions against Russia that were discussed, the economic impact on both Russia and the UK, and the effectiveness of the sanctions in achieving their desired political aims and objectives.The talk largely centred around the first aspect of said sanctions, naturally as the IEA is an economic think-tank, not a political interest group. Regardless of where one stands in their position against the current sanctions against Russia, there is broad consensus around how the UK will need to forge new free trade relationship with countries around the world once we leave the EU, countries are already queuing up to do a deal with the UK. IEA research presented at the discussion estimated there is £5 billion in untapped growth from a Russia-UK trading relationship that could happen post-Brexit.
Despite a combination of falling oil prices, internal structural limitations as well as the international sanctions, according to the country’s Ministry of Economic Development it stills expects to see modest growth for 2017, although Russia’s Central Bank is less optimistic. Despite this, Russia is one of the world’s leading producers of oil and natural gas, and is also a top exporter of metals, with a diverse range of industries and a strong agricultural sector. There are lots of reasons to remain bullish about Russia’s economic potential going forward.
According to the IEA, sanctions have had a minimum to moderate impact on Russia’s economy. Trade between the UK and Russia has declined by 50% between 2014-16 as a result, this breaks down to approximately 20% in services and 13% in goods. Across the EU, Brussels-imposed sanctions have had a much more detrimental effect on their own members’ economies, particularly those of Central and Eastern Europe – Russia is a major export market for countries such Poland, Bulgaria and the Baltic States. For example, Hungary’s Foreign Minister said in January that his country lost $6.5 billion in export opportunities.
In terms of the effectiveness of the Brussels-imposed sanctions, that the UK is free to abandon its commitment to once we Brexit, there seems to be little economic or even political evidence that they have had any impact on the Kremlin’s foreign policy or the country’s internal politics. In fact, a case can be made that the sanctions have only served to strengthen support for the Russia’s current governments, and exacerbate the skeptical attitudes of many ordinary Russians towards the outside world, including the UK. The UK is not Hungary or Poland of course, and we have minimal economic exposure or connectivity with Russia with compared with many other countries around the world. We must look at the potential value of the trade with Russia that the UK has essentially sacrificed largely but not entirely at the behest of Brussels, against what unelected bureaucrats, hellbent on creating a European super-state like to present as an external bogeyman to expedite that process – Russia. This approach has already begun to unravel, due to the economic damage it is causing many of the EU’s own members, with national politicians feeling the wrath of their electorates, fueled by furious exporters and business owners, demanding why their having to sack their employees and close their operations down.
We must ask policy and decision makers, are these sanctions effective in achieving the political goals their set out to achieve? Are these goals in the UK’s national interest and why are they in the UK’s national interest? Are there other ways to achieve said goals, without sacrificing what could be one of the greatest trading opportunities for our country in quite literally generations, once we leave the cloisters of the EU and embrace the world.
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]]>The post Westminster Russia Forum Response to Alleged LGBT Rights Abuses in Chechnya appeared first on Westminster Russia Forum.
]]>Westminster Russia Forum has a wide supporter base with members from the LGBT community – we will continue to monitor the situation and raise objections with the right authorities.
We fully support the UK Government’s protestations on this matter as well as supporting efforts by Moscow to curtail such abuses.
Nicholas Cobb – Chairman – Westminster Russia Forum
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]]>The post UK- Russia Business Relations – Get Ready for Change… appeared first on Westminster Russia Forum.
]]>As visitors to London’s Science Museum marvel at the Russian Soyuz space capsule that carried Major Tim Peake to the International Space Station ISS two well informed speakers held out prospects for change in UK-Russian trade relations to WRF meetings in Westminster.
Mark Littlewood, the Director General of the Institute of Economic Affairs and Philip Owen, Director of Volga Trader both found appreciative audiences. Mark spoke on April 19th on Free trade vs. Sanctions – opportunities for the UK and Russia post-Brexit’ . Philip spoke a week later on “How to do it – The Practicalities of Trade and Investment in Russia”.
With a UK general election due to elect a government on 8th June Mark predicted a victory for the Conservatives with Theresa May capturing an increased majority. He also predicted an opportunity for change in relations with Russia.
“Sanctions could be dropped. Engagement is to be preferred to a return to the Cold War”, he told the audience in the Morpeth Arms on Millbank across the Thames from MI6 headquarters.
Sanctions, he explained, were not just restricting London’s ability as an international financial centre to deal with Russia but also hurting Northern Ireland cheese exports (Russia used to be their top market).
He cited the possibility of Russian demand for British agricultural products alone being able to meet the bill for BREXIT. “Sounds like a win to me,” he quipped.
Philip, speaking in another Westminster venue, told his audience that sanctions were helping investment into Russia because international manufacturers had realised that produce from a factory in Russia was protected by the state with tariffs on competing products imported from abroad, even if they were not sanctioned. He cited Nestle as an example with eight factories in Russia, one of which produced instant coffee from ground coffee beans while its competitors suffered high customs duty on their imported coffee.
Apart from grains, Philip said import substitution success for pork and poultry were created through a drop in demand.
The biggest attraction for foreign investors in Russia was the significant drop in the rouble, which has lost over 40% of its value against the dollar since 2014, said Philip pointing out that this effective devaluation was more due to the collapsing world oil price than sanctions.
“Credit is expensive in Russia,” Philip said and with the Bank of England keeping British banks lending interest rates at an all-time low there was never a better time for British investors to raise funds to acquire performing assets in Russia, he said.
Volga Technology and Trading Ltd with offices in Saratov Russia and headquartered in Bridgend, Wales offers support for direct investment as well as guidance on market entry, bespoke market research and finding buyers for Russian businesses.
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]]>The post Support the WRF @ the Soviet War Memorial – Tuesday 9th appeared first on Westminster Russia Forum.
]]>SCRSS members only.
Tuesday 9 May 2017, 11.00
Event: Victory Day at the Soviet War Memorial
Act of Remembrance at the Soviet War Memorial, London, to mark the 72nd anniversary of the Allied Victory over Fascism. The ceremony begins at 11.00 and lasts approximately one hour. Standard bearers and wreath-layers should contact the Honorary Secretary of the Soviet Memorial Trust Fund (SMTF) on [email protected] for more information. All other participants should arrive by 10.45. Please note: due to limited parking in the area, please use public transport where possible. Only limited seating is available (intended primarily for veterans, older participants and organisations laying wreaths).
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]]>The post WRF is Pleased to Support Warmed Heart – Helping Children with Disabilities appeared first on Westminster Russia Forum.
]]>At our recent talk we raised over £150 in funds!
For more information please visit: http://warmedheart.org.uk/
To Donate Please Visit: https://www.justgiving.com/warmedheart
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]]>The post Official UK – Russia Trade Figures 2015-2016 appeared first on Westminster Russia Forum.
]]>UK-Russia Trade in Good & Services
In accordance with British statistics in 2016 Russia took the 25th place in trade with Britain, 24th – in export and 23rd – in import. In 2016 trade turnover between the two countries has fallen down by 13,3% to 9,1 billion US dollars:
– export to Russia – 3,5 bln.USD (decreased by 10,2%);
– import from Russia – 5,6 bln.USD (fallen by 15,1%).
UK Trade in goods with Russia
(mln.USD)
2015 | 2016 | Change, % | |
Turnover | 10 530,1 | 9 130,4 | -13,3 |
Exports | 3 897,4 | 3 501,5 | -10,2 |
Imports | 6 632,7 | 5 628,9 | -15,1 |
including:
– non-commodity imports from Russia |
4 565,1 | 4 076,7 | -10,7 |
(mln.GBP)
2015 | 2016 | Change, % | |
Turnover | 6 882,4 | 6 713,5 | -2,5 |
Exports | 2 547,3 | 2 574,6 | +1,1 |
Imports | 4 335,1 | 4 138,9 | -4,5 |
including:
– non-commodity imports from Russia |
2 983,7 | 2 997,5 | +0,5 |
Source: www.uktradeinfo.com (01.03.2017)
Average rate in 2016: 1 GBP=1,36 USD
Average rate in 2015: 1 GBP=1,53 USD
UK Trade in services with Russia
(in accordance with Russian statistics)
(mln.USD)
2010 | 2011 | 2012 | 2013 | 2014 | 2015 | January-September | January-September | |
2015 | 2016 | |||||||
Turnover | 8 488,6 | 10 850,8 | 11 412,7 | 11 683,8 | 10 784,1 | 8 369,1 | 6 069,5 | 4 810,5 |
change, +/-% | – | 27,8% | 5,2% | 2,4% | -7,7% | -22,4% | -25% | -20,8% |
Export | 4 108,4 | 5 202,5 | 5 387,3 | 4 873,6 | 4 534,4 | 3 204,6 | 2 281,2 | 2 007,2 |
change, +/-% | – | 26,6% | 3,6% | -9,5% | -7,0% | -29,3% | -35% | -12% |
Import | 4 380,2 | 5 648,3 | 6 025,4 | 6 810,2 | 6 249,7 | 5 164,5 | 3 788,3 | 2 803,3 |
change, +/-% | – | 29,0% | 6,7% | 13,0% | -8,2% | -17,4% | -15% | -26% |
Balance | -271,8 | -445,8 | -638,1 | -1 936,6 | -1 715,3 | -1 959,9 | -1 507,1 | -796,1 |
Source: The Bank of Russia (01.03.2017)
In 9 month 2016 trade turnover in services between Britain and Russia has fallen by 20,8% to 4,8 bln.USD. Exports in services reduced by 12% to 2 bln.USD, services imports declined by 26% to 2,8 bln.USD. And the UK has a trade deficit of 796,1 mln.USD in servises with Russia.
Imports
HS code | 2015 | 2016 | |||||
mln. GBP | Share, % | mln. GBP | Share, %, ↑ | Change,
+/-mln.GBP |
Change,
+/-% |
||
Total imports | 4 335,1 | 100 | 4 138,9 | 100 | -196,2 | -4,5 | |
27 | Mineral products | 3 121,3 | 72,0 | 2 394,1 | 57,8 | -727,2 | -23,3 |
71 | Precious or semi-precious stones, precious metals, imitation jewellery; coin | 90,8 | 2,1 | 622,1 | 15,0 | +531,3 | +585,1 |
84-92 | Vehicles, equipment, machines | 336,7 | 7,8 | 301,6 | 7,3 | -35,1 | -10,4 |
28-40 | Chemical products industry | 282,3 | 6,5 | 254,9 | 6,2 | -27,4 | -9,7 |
72-83 | Metals and its products | 174,6 | 4,0 | 229,1 | 5,5 | +54,5 | +31,2 |
44-49 | Woods and its products, paper products | 121,3 | 2,8 | 136,8 | 3,3 | +15,5 | +12,8 |
1-24 | Food products, agricultural raw materials apart of textile | 116 | 2,7 | 107,5 | 2,6 | -8,5 | -7,3 |
68-70 | Products from stone, ceramics, glass | 3,2 | 0,1 | 9,0 | 0,2 | +5,8 | +181,3 |
50-67 | Textile, shoes | 1,9 | 0,04 | 3,1 | 0,08 | +1,2 | +63,2 |
41-43 | Leather raw materials, furs and its products | 1,9 | 0,04 | 1,6 | 0,04 | -0,3 | -15,8 |
Source: UKtradeinfo
Exports
HS code | 2015 | 2016 | |||||
mln. GBP | Share, % | mln. GBP | Share, % | Change,
+/-mln.GBP. |
Change,
+/-% |
||
Total exports | 2 547,3 | 100,0 | 2 574,6 | 100,0 | +27,3 | +1,1 | |
84-92 | Vehicles, equipment, machines | 1 484,5 | 58,3 | 1 492,7 | 58,0 | +8,2 | +0,6 |
28-40 | Chemical products industry | 626,3 | 24,6 | 579,8 | 22,5 | -46,5 | -7,4 |
1-24 | Food products, agricultural raw materials apart of textile | 79,7 | 3,1 | 103,1 | 4,0 | +23,4 | +29,4 |
50-67 | Textile, shoes | 111,6 | 4,4 | 72,8 | 2,8 | -38,8 | -34,8 |
72-83 | Metals and its products | 62,4 | 2,5 | 59,1 | 2,3 | -3,3 | -5,3 |
44-49 | Wood and its products, paper products | 49,3 | 1,9 | 48,9 | 1,9 | -0,4 | -0,8 |
27 | Mineral products | 19,6 | 0,8 | 23,4 | 0,9 | +3,8 | +19,4 |
68-70 | Products from stone, ceramics, glass | 14,4 | 0,6 | 15,4 | 0,6 | +1,0 | +6,9 |
71 | Precious or semi-precious stones, precious metals, imitation jewellery; coin | 7,5 | 0,3 | 4,8 | 0,2 | -2,7 | -36,0 |
41-43 | Leather raw materials, furs and its products | 5,3 | 0,2 | 4,0 | 0,2 | -1,3 | -24,5 |
Source: UKtradeinfo
Imports | Exports | ||||||
Types of services | 2014 | 2015 | 2014/15, % | Types of services | 2014 | 2015 | 2014/15, % |
mln GBP | mln GBP | mln
GBP |
mln GBP | ||||
Other business services | 180 | 223 | +23,9 | Financial | 930 | 1 052 | +13,1 |
Transport | 110 | 142 | +29,1 | Other business services | 358 | 1 039 | +190,2 |
Financial | 99 | 97 | -2,0 | Travel | 337 | 181 | -46,3 |
Travel | 151 | 90 | -40,4 | Telecommunication, computer, information | 214 | 146 | -31,8 |
Telecommunication, computer, information | 49 | 53 | +8,2 | Government | 125 | 132 | +5,6 |
Government | 104 | 48 | -53,8 | Transport | 103 | 91 | -11,7 |
Intellectual property | – | 11 | 0 | Intellectual property | 124 | 88 | -29,0 |
Construction | 4 | – | 0 | Construction | 266 | 26 | -90,2 |
Insurance, pension | – | – | – | Personal, cultural | 17 | 25 | +47,1 |
Personal, cultural | – | – | – | Insurance, pension | 56 | 24 | -57,1 |
TOTAL | 700 | 667 | -4.7 | TOTAL | 2 559 | 2 824 | +10.4 |
Source: Pink Book 2017
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]]>The post Magazine Announcement – WRF’s Russian Focus to be Launched Post Election appeared first on Westminster Russia Forum.
]]>RussianFocus the new business magazine of the Westminster Russia Forum will launch after the British election and the government and its policies become clear. The first issue is now tentatively scheduled for July/August with the second issue slated for September/October.
The Cover story on the launch issue will be on oil giant Rosneft and a 24-page section, the regional focus, will be on Vladivostok and Primorye Krai.
The Publishing Editor, John Bonar is confident that with a 15,000 print run the English language magazine, with over 100 pages, will break the mould on Russian oriented publications in the UK.
John is one of the deputy chairmen of the Westminster Russia Forum. He is an experienced business journalist and editor. He has been associated with Russia since 1993.
“We are distributing through corporate locations in London, reaching business travellers on trains and planes and getting a message over to British business that Russia is the BRIC on our doorstep. After BREXIT Russia is potentially the largest unexploited market for the UK,” he said in a statement.
“The magazine will be financed through commercial advertising and sponsorship,” Bonar added.
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]]>The post WITNESS STATEMENT – VISIT TO CRIMEA 2017 – NIGEL SUSSMAN appeared first on Westminster Russia Forum.
]]>WITNESS STATEMENT – VISIT TO CRIMEA 2017
SUSSMAN – 27th March 2017
I Nigel Sussman will say as follows:
I was invited by A Just Russia party to attend an International Conference “The 100th Anniversary of the Russian Revolution and Contemporary Socialism” in Saint Petersburg, Russia on 17th – 18th March 2017 to which I attended, this was public dialogue, jointly solving current social and political issues and touched on the topic of growing social inequalities, the huge income gap of the poor and ultra-rich, that has concentrated power in the hands of a small elite of individuals and corporations
I had also been invited along with some of the other international delegates from Brazil, Serbia, Montenegro and Czech Republic (full list below) to attend a familiarisation tour of the Republic of Crimea as an independent international witness from the 19th – 21st March 2017 (agenda below).
I must start by thanking my hosts not just for their hospitality which was exemplary, but for their dedication and professionalism in their impartiality. At no time did they attempt to influence me with their own view or propaganda and this was so exceptional that I must applaud them for their integrity.
We arrived at Simferopol Airport to begin the tour and were taken by minibus to Yalta and the Lividia Palace. This was a journey of approximately 1 hour, I confess to falling asleep for the first part of the journey, but woke up just as we crossed the Crimean Mountains to the Black Sea. Here the weather improved as we entered a subtropical climate although the wind remained strong. We continued through winding single lane roads, until we arrived in Yalta. Once there we toured the Lividia Palace, where there is preserved, the meeting place of Churchill, Roosevelt and Stalin who met at the end of the Second World War to shape a post-war peace and to give self-determination to the liberated peoples of post-Nazi Europe.
I should note at this point; that it was Winston Churchill who, as a member of The Free Trade League, saw free trade as a mechanism for industrial peace and said “Broad economic principles always in the end defeat the sharp devices of expediency”.
MEETING THE PEOPLE: From there we went for a walk along the picturesque embankment, often referred to as the Crimean Riviera, where we all met and talked with local residents. I found all the people I met to be sincere, kind and genuinely open, they all with, just one exception (a man who was reticent in his answers), made it plain that they supported rejoining the Russian Federation for the following reasons:
MEETING THE OFFICIALS: The next day we attended the Public Chamber of the Republic of Crimea where we first met with the Human Rights Ombudswoman. She was clearly highly professional and impressed me with her deep knowledge of her brief and was very much hands on. She informed us that she had 4,000 reports per year; however it soon became clear that this referred to Social and Pension rights rather than what we would call human rights in the West. Some of my fellow witnesses raised the issue of detainees and disappearances, but she replied that no Government has full control over these issues and that they were significantly less in Crimea than in other countries. I looked up disappearances in the UK when I returned and was alarmed to discover 135,382 separate individuals were recorded as missing in the UK in 2016; an average of 370 people per day!
Our next meeting was with Remzi Ilyasov, the Deputy Chairman of the State Council of the Republic of Crimea. He was quick to point out that he wasn’t claiming everything was perfect in Crimea, but was travelling in the right direction. When asked what motivated his old colleagues in the Ukraine; he replied that their decisions had been taken alone without consultation. We discussed the impact of the blockades on Crimea, particularly potential impact on 2.5 million people that could have led to a humanitarian crisis and only averted by Russia coming to their aid. It was clear that Crimea seeks the opportunity to move forward, with that I can only agree.
We left the Council Offices to attend a meeting with Hadji Ablaev, the Mufti of Crimean Muslims. Here we needed triple translation into English. There was a lot of focus on the impact of IS but we were assured that Muslims were not as impacted due to the fact that integration is much more successful in Crimea than many other places. I came away with the feeling that their level integration would be the envy of the West. It was also clear that the Mufti supported the joining of Crimea with the Russia Federation.
We left for the Crimean Tatar University to meet the Black Sea Association of International Cooperation and representatives of national communities including Ukrainian and Jewish community leaders. We discussed interracial efforts and it was clear that Crimea takes this seriously and is continuing to invest in this area, especially around education and language. We continued to discuss the economic future for Crimea and there are fantastic opportunities for future investment once the sanctions are removed. It was also noted that sanctions prevent individuals of Crimea from free communication. The different representatives of national communities in Crimea are facing artificial difficulties because of the sanctions imposed by the Western countries when they are going to visit their historical Motherland (Ukraine, Israel, Greece, and Bulgaria)
CONCLUSION:
Finally, before flying home, we attended a press conference at the INA “Russia Today” Simferopol studio.
POSTSCRIPT:
Since my return from the visit, I posted a few photographs only, with no commentary, of my trip on social media, only to be attacked by what I can best call “Keyboard Warriors”. They condemned my visit without even knowing the reason for my visit or the conclusions that I had reached.
The truth has always been difficult to establish, even at the best of times. In a world of mainstream media bias, information wars and fake news, the search is made even more difficult. I am reminded of the lesson that a ball in the distance can appear white (○) from one persons perspective; and yet from the opposite direction it can appear black (●), it is only from the side that you can tell that the ball is both black and white (◐). To that end, I am conscious that I have not had access to the Ukraine perspective and my colleagues and I have expressed a willingness to carry out a similar witness exercise with the permission of the Kiev government.
It should also be noted that there are geopolitical forces at work here; interference in Ukraine by the US & EU has led directly to this situation and I have sympathy for Ukraine who appear to have been unable to withstand the pressures applied to them. Far from blaming Russia and Ukraine, it is the US and EU that should be held accountable for their actions.
In the much smaller world we all live in and especially as we are now in the 21st century, it is incumbent on leaders everywhere to take note of the wishes of the ordinary people that get caught up in these activities.
What should also concern us all, is that despite the rise of the internet and social media tools, the art of philosophical dialogue seems to have diminished in the world, the resolution of disputes should not be through sanctions which only entrenches positions, but through dialogue and an open mind.
Nigel Sussman
…………………………………………….
AGENDA – FAMILIARIZATION TOUR TO THE REPUBLIC OF CRIMEA:
19 MARCH (Sunday)
12:15 Arrival to Simferopol from St. Petersburg
13:00-16:00 Transfer to Sevastopol; excursion in the State Historical and Archaeological Museum- Preserve “Tauric Chersonese”
16:00-19:00 Transfer to Yalta, excursion in the Livadia Palace
20 MARCH (Monday)
Meeting with members of the Black Sea Association for International Cooperation and community leaders
Meeting with hadji Emiraly Ablaev, Mufti of Crimean Muslims and Lazarus, Metropolitan of Simferopol and Crimea
Meeting with Chairman of the State Council of Crimea Vladimir A. Konstantinov
Meeting with Ombudsman of the Republic of Crimea Liudmila E. Lubina
21 MARCH (Tuesday) Page 5 of 5
LIST OF INTERATIONAL WITNESSES:
GREAT BRITAIN, Nigel SUSSMAN – Chairman, UKIP Ilford Branch
GREAT BRITAIN, Richard WOOD – member of UKIP
BRAZIL, Rodrigo do VAL FERREIRA – representative of the Landless Workers Movement in Asia and Eastern Europe
SERBIA, Srdja TRIFKOVIC – Professor of International Relations, University of Banja Luka, BiH
MONTENEGRO, Stefan ĐUKIC – director of the Movement for the neutrality of Montenegro
CZECH REPUBLIC, Jaroslav HOLIK – member of the Chamber of Deputies of the Parliament of the Czech Republic
CZECH REPUBLIC, Alexander GEGALCIJ – Chairman of the International foundation “Russian award”
KYRGYZ REPUBLIC, Irina KARAMUSHKINA – member of the Political Council of the Social Democratic party of the Kyrgyz Republic; deputy of Zhogorku Kenesh (one chamber parliament) of the Kyrgyz Republic
KYRGYZ REPUBLIC, Marat AMANKULOV – member of the Political Council of the Social Democratic party of the Kyrgyz Republic; deputy of Zhogorku Kenesh (one chamber parliament) of the Kyrgyz Republic; Chairman of the Parliamentary Committee on Transport, communication, Architecture and Construction of the Kyrgyz Republic
SERBIA, Milovan BOJIC – member of the National Assembly of the Republic of Serbia
SERBIA, Dubravko BOJIC – member of the National Assembly of the Republic of Serbia
SERBIA, Aleksandar SESELJ – member of the Presidium of the Serbian Radical Party
RUSSIA, Oleg NILOV – member of the Presidium of the Central Council of the Political Party A JUST RUSSIA, deputy Leader of the Party’s State Duma faction; member of the SD Committee on Transport and Construction
RUSSIA, Mikhail BRYACHAK – member of the Presidium of the Central Council of the Political Party A JUST RUSSIA, Chairman of the Council of Deputies of the Political Party A JUST RUSSIA
RUSSIA, Victoria BILAN – Chairwoman of the Council of the regional office of the Political Party A JUST RUSSIA in the Republic of Crimea, a member of the Central Council of the Political Party A JUST RUSSIA
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