Russia’s Sistema, Lenta look to cooperate with Thailand

A Lenta supermarket in Veliky Novgorod.

A Lenta supermarket in Veliky Novgorod.

Konstantin Chabalov / RIA Novosti
Sistema is looking at joint ventures in the kingdom.

Following up on recent initiatives taken by the Russian and Thai governments, an increasing number of Russian companies are looking to cooperate with their Thai counterparts.

Sistema Group is looking for joint ventures with Thai companies in farming, seafood production, spa management and hospitals, Thai Commerce Minister Apiradi Tantraporn told The Nation on May 23.

Hypermarket chain Lenta plans to import Thai fruits and vegetables as well as hold in-store promotions for Thai food products, Tantraporn told the paper.

Russia and Thailand have set an annual bilateral trade target of $10 billion by 2020. 

Read more: Thai PM Prayuth seeks major gains from Russia visit in May

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