In Search of the Russian Market: - Everything is Permitted If It is Not Banned

High North NewsIn the recently published article, Arne O. Holm, Editor in Chief of an independent Norwegian newspaper High North News, writes about a larger Norwegian delegation to Vladivostok in the Russian Far East in the end of October 2019. The delegation was led by Norway's Ambassador to Russia Rune Resaland and consisted of business representatitives from more than 20 companies in addition to research and education institutions and organizations.

Several NRCC members took part in this visit, including members of the Møre Maritime Russia Cluster (MacGregor, Optimar, Kongsberg Maritime, Mørenot and Mustad Autoline) who carried out several executive level meetings with local fishing boat owners. Other NRCC members traveling to Vladivostok were Innovation Norway, the Norwegian Barents Secretariat, the High North Center at Nord University, the University of Tromsø (Norway’s Arctic university) and Northern Productions.

Arne O. Holm interviewed Ambassador Resaland and some of the members of the Norwegian delegation asking them to reflect on the current status of the Norwegian-Russian business cooperation and on how imposed restrictive measures affected their business. One of the interviewed - Lars Sundquist, the CEO of NRCC member company Northern Productions - has worked towards the Russian market since 1990, in the interview he elaborated on his new project - trout farming in the Ladoga lake in Karelia and the Leningrad region.







B2B Delegation to Kaliningrad on 09-11 October 2019

NRCC and several of its member representatives took part in the International Baltic Business Forum organized in Kaliningrad.

NRCC partner - Chamber of Commerce and Industry of the Kaliningrad region - assisted in organizing B2B meetings for the Norwegian delegation. Also companies from Estonia, South Korea, Poland and Lithuania joined B2B discussions.

2019 Kaliningrad 2019 Kaliningrad 3 2019 Kaliningrad 2

Please view a presentation of the Investment potential of the Kaliningrad region 2019 and a presentation of the Industrial Park Khrabrovo forwarded to the NRCC by the Kaliningrad Region Development Corporation - one of the organizing partners of the Baltic Business Forum.









Presentations from NRCC Business Seminar in Petrozavodsk, Karelia on 24 September 2019

Status in Norwegian–Russian Trade 2019. Cooperation within Aquaculture sector. By Jarle Forbord, Managing Director, NRCC and Hans-Olav Rekdal, Senior Project Manager, NRCC.

Economic Development and Investment Potential of the Republic of Karelia. By Pavel Burenkov, Minister of the Economic Development and Industry of the Republic of Karelia

Norwegian wood house construction – potential for cooperation. By Bjørn Ove Volden, Export Manager, Hunton

Karelian timber industry – a wide range of opportunities for bilateral cooperation. By Roman Petukhov, Head of Analytics and Timber Industry Department, Ministry of Natural Resources and Environment of the Republic of Karelia.

Norwegian Aquaculture sector – latest developments and innovations. By Alexei Bambulyak, Senior Adviser, Akvaplan-niva

Norwegian Economy: status and outlook. By Katarina Sætersdal, Senior Advisor, Confederation of Norwegian Enterprise

Aquaculture sector in the Republic of Karelia. By Evgeny Rekin, Head of Fisheries Development Department, Ministry of Agriculture and Fisheries of the Republic of Karelia

Investment Fund for North – Western Russia and Eastern Europe. By Hans Christian Dall Nygård, Head of the State Investment Fund for North–Western Russia and Eastern Europe

Automation and decision-making support at aquaculture enterprises in Karelia. By Alexander Rumyantsev, Senior Researcher, Karelian Research Centre, Russian Academy of Sciences

Aquaculture in Norway:Planning, control and monitoring. By Gjermund Bahr, Senior consultant, Akvaplan-niva AS, Tromsø

Agricultural park AQUA-BIOTECH KARELIA: background for establishment and development prospects. By Yuri Saveliev, Professor, North-West Institute of Management of the Presidential Academy of National Economy and Public Administration, Consultant for the agricultural park project

Landbased trout farming – the total value chain. By Trond Karlsen, Sales Manager, AquaOptima, part of ScaleAQ

Modern trout processing and freezing trends in Aqua. By Dag Roar Arntsen, Sales Manager Aquaculture, Optimar and Grigory Pokotilo, Optimar representative in Russia

Game changer in fish farming on land. By Torbjørn Haaland, CEO, Nordic Molecule, a subsidiary of Jutland Group











NRCC member company Law Firm Selmer has launched a "Sanctions Map" - a comprehensive overview outlining the current EU and Norwegian sanctions against different countries world-wide. Based on the feedback from our members, we believe that this could be a valuable tool for NRCC member companies and other market players doing business in Russia.

Click on the map to access the overview for Russia-related sanctions.

Sanctions map by Selmer



urban growth

On 23 May 2019, BI - Norwegian Business School will host the 6th annual Norwegian seminar of green economics, focusing on Urban development into the future.

-Mission-Oriented Innovation for 100 carbon neutral cities by 2030, launched by Mariana Mazzucato, UCL London, to be presented by project leader Martha McPherson 

-A good disruption on food, mobility, buildings by CEO Martin Stuchtey from Systemiq / McKinsey.

-Good Urban density, by prof. Kathy Pain from Reading Business School

The Norwegian Seminar on Green Economics - URBAN GREEN GROWTH is a collaboration between BI (Norwegian Business school), Oslo University, and IFE and members of NRCC are welcome to join.

Urbanization could in principle be a strong enabler of a green, net-positive economy. But on our current trajectory, cities are growing into 'more of the old' rather than the infrastructure for a new better economy. This seminar gives you the theory, practical examples and opportunity for mingling to get you updated. The event is open to guests and may be of interest to NRCC members.

See full program on web.

Free attendance, but registration required.  




2019 SPIEFSt. Petersburg International Economic Forum will take place on 6–8 June, 2019


The St. Petersburg International Economic Forum (SPIEF) is a unique event in the world of business and economics. SPIEF has been held since 1997, and since 2006, it has been held under the auspices of the President of the Russian Federation, who has also attended each event.

Over the last 21 years, the Forum has become a leading global platform for members of the business community to meet and discuss the key economic issues facing Russia, emerging markets, and the world as a whole.

The main events of the St. Petersburg International Economic Forum this year will take place on 6–8 June, 2019 at the ExpoForum Convention and Exhibition Centre.


This publication is a part of NRCC's partnership with the Roscongress Foundation - one of the organizers of SPIEF.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions, exhibitions, and public events.

The Roscongress Foundation was founded in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

The Foundation’s events draw more than 80,000 participants each year from 195 countries, with more than 10,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 2,500 people working in Russia and abroad. In addition, it works in close cooperation with economic partners from 75 countries worldwide.

An up-to-date calendar of the Foundation’s events in Russia and abroad is available on the official Roscongress website







The Norwegian-Russian Chamber of Commerce (NRCC) fears the Russians will turn their backs on Norwegian companies if the sanctions regime continues. "Dagens næringsliv", 8 and 9 April 2019

On the eve of today's meeting between Norwegian Prime Minister Erna Solberg and Russian President Vladimir Putin, Liv Monica Stubholt was interviewed by a daily Norwegian business newspaper "Dagens Næringsliv".

The president of the NRCC says theres is a fear that great political backdrop could hit Norwegian industry hard in the long run.

"The knowledge of Russia's markets and Russian interest in Norway may be diminished if the restrictions persist," said Stubholt.

In the article Stubholt is quoted: "Important Norwegian companies such as Equinor and Kværner have invested and deliver in Russia, but in the long term there is a risk that the Norwegian oil and gas sector's long-term position can be taken over by others, partly by countries with the same sanction rules as Norway."

The president of the NRCC commented on how different European countries with the same sanctions rules have different approaches to supporting their business sector working towards and with Russia: "It seems to us that both the authorities and the business community in several European countries, including Sweden, Germany and Italy, are more aggressive in measures to promote the business sector, for example, with participation in the St. Petersburg international forum."

Read the full article here (available in Norwegian only).

DN 2019 04 09







The aim of the NRCC is to stimulate and improve business relations between Norwegian and Russian companies regarding import, export, shipping, business development, tourism or investment activities. More...


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