‘2nd Russian business mission significant for both nations’

National 1 minute, 38 seconds

BANDAR SERI BEGAWAN

THE second Russian business mission to Brunei from April 19 to 21 was an important step towards strengthening mutually beneficial ties between the two nations in trade and economy, the Russian ambassador to Brunei said.

Vladlen Semivolos said Russian and Brunei ties are of special significance as both governments are looking to diversify their national economies and attract investments to stimulate growth.

The delegation’s visit here was led by Russia’s Deputy Minister of Economic Development Alexey Vedev.

Building upon the experience of the first Russian business mission to Brunei in August 2015, Semivolos said the Russian delegation took a more targetted approach this year.

“The companies were less diverse, however, their meetings were more focused and practically oriented.”

He added: “This proved to be a right decision. Russian energy majors Lukoil Asia Pacific, MG3, Ingeoservice and Novochem held fruitful discussions with Bruneian companies, considering the possibilities of enhancing trade, venturing in the industrial parks of Brunei, bringing Russian expertise in off-shore geological surveys as well as energy services to the sultanate.”

In the field of construction and development, Morton Group of companies and JSC Kurganstalmost underlined that they view Brunei as a bridge to the whole of ASEAN, and are looking for partners in Brunei to develop region-wide business together.

Useful contacts have been also established by Russian manufacturing giant Rostec, as well as by the Overseas Group in the field of logistics, the ambassador added.

“For the first time, representatives of the Eurasian Economic Commission – the permanent regulatory body of the Eurasian Economic Union (EAEU) – visited Brunei.

“This is an important development in the context of the growing connectivity both in Asia-Pacific and Eurasia,” he said.

The ambassador said Russia appreciated the commitment of Brunei in ensuring maximum efficiency of the delegation’s two-day visit, as well as His Royal Highness Prince Haji Al-Muhtadee Billah, the Crown Prince and Senior Minister at the Prime Minister’s Office and other senior government officials.

The Brunei Times