Malaysia is a long-term investment partner- Russian Economic Minister

Russian Minister of Economic Development Alexei Ulyukayev. Source: Alexander Korolkov/RG

Russia considers Malaysia a long-term investment partner and sees clear benefits to increased cooperation, Russian Minister of Economic Development Alexei Ulyukayev was cited by Sputnik News as saying.

"Malaysia is one of Russia’s most promising trade partners among ASEAN countries," Ulyukayev was cited as saying after talks with Malaysian Minister of International Trade and Industry Mustapa Mohamed. "We are closely monitoring the development of a range of jointly initiated projects in innovative medicine, nuclear technology, information security and laser technology.”

Bilateral trade between Russia and Malaysia grew by 22.8 percent in 2014, Ulyukayev said. According to Malaysian official statistics, bilateral trade with Russia in 2014 stood at $2.2 billion. 

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