My Lords, I thank the noble Viscount, Lord Waverley, for initiating the debate. I will specifically talk about the UK’s relations with Tatarstan and how we can strengthen our ties with it. Tatarstan is a semi-autonomous republic in Russia located in the center of a large industrial region of the Russian Federation. I have been to Kazan, which is the capital of Tatarstan, and spent a few days there. I spoke to the people of Kazan, both Tartars, and Russians, and I found that the relationship between Muslims, Christians, and others are extremely friendly and cordial. In Kazan there is a place called the Kremlin, where a mosque and a cathedral face each other. This is symbolic of the friendship between all the communities in the region. As someone who is interested in promoting interfaith dialogue, that pleased me a great deal.
The President of Tatarstan visited the United Kingdom in November last year and met with us in the House of Lords. He was indeed very friendly and requested that I attend a business conference in Kazan. He also invited us to send a trade delegation from the United Kingdom to Tatarstan. I will attend the conference in May, and I hope that we will be able to arrange a trade delegation of British businessmen to Kazan. The president is very keen to strengthen trade and educational and cultural ties between Tatarstan and the United Kingdom. We should actively pursue these and achieve the right results, which will be mutually beneficial.
I will mention some details about Tatarstan and the opportunities that we can pursue. Tatarstan is one of the leading and most economically developed regions in Russia, rich in natural resources. It is prosperous in many ways, presenting opportunities for us to be involved in. At a conference held in London in November last year, His Excellency Mr. Rustam Minnikhanov, the President of Tatarstan, said that Tatarstan is interested in attracting British businesses, technology, and investments to the region and that they will readily provide support for these activities. The president further said that there are opportunities for British companies to be involved in areas such as power engineering, the automotive industry, production of auto components, IT, agro-industrial activities, engineering, pharmaceuticals, aircraft construction, the oil and gas industry and the transport sector. In addition, they would like to develop and expand their Islamic finance market. That was music to my ears as I am actively involved in promoting our expertise and knowledge in Islamic finance overseas.
President Minnikhanov also noted that Tatarstan is an innovative region which ranked first in the Russian national rating for investment for the third year in a row. In addition, the Russian Federation Government have launched a project in which special economic zones have been created for businesses to manufacture, manage or invest. We can get involved in those zones.
Tatarstan would also like to strengthen and forge educational links with British institutions in the UK. Given that there is only one university partnership with Tatarstan—with Cardiff University—this is an area that is worth looking into. I hope very much that we can look seriously at expanding our links with Tatarstan, and there is certainly an appetite in Tatarstan to do so. I ask my noble friend the Minister if she would like to comment on our relations with Tatarstan.