Russia is in talks with ASEAN nations to boost liquefied natural gas (LNG) exports, according to Economic Development Minister Maxim Reshetnikov. The region's energy consumption is projected to rise significantly by 2050, creating opportunities for Russian energy products. Food and fertilizer exports are also areas of expansion.
Russia's Economic Development Minister Maxim Reshetnikov stated that the current geopolitical situation has allowed Russia to create the world's most technologically advanced and secure cybersecurity system. He also highlighted the growth of e-commerce and Russian businesses' readiness to enter ASEAN markets.
Russia's imports from ASEAN countries have surged by 70% over the last ten years, reaching $21 billion in trade turnover. Minister Maxim Reshetnikov highlighted purchases of agricultural raw materials, machinery, and vehicles, achieved despite challenging global conditions and WTO principle erosion.
Russia's Economic Development Minister Maxim Reshetnikov announced that the Russia-ASEAN Strategic Program for Trade and Investment Cooperation through 2035 will be adopted in 2026. This program will act as a roadmap for concrete actions to enhance economic ties and foster long-term projects between Russia and ASEAN countries.
Russia increased mineral and crude oil supplies to ASEAN countries by 40% in Q1 2026 due to the Hormuz Strait crisis. Minister Maxim Reshetnikov announced plans for long-term contracts and infrastructure development to ensure energy security and competitive prices.
Russia expressed interest in boosting exports of food, mineral fertilizers, and engineering products to Laos. Following bilateral talks, Russian Minister of Economic Development Maxim Reshetnikov also noted readiness to import more rubber, coffee, and textiles from Laos, and highlighted Laos' bauxite reserves for the Russian aluminum industry. Discussions also covered launching direct flights.
Russia is prepared to increase its supply of low-carbon energy resources, oil, and gas equipment to Thailand at competitive prices, according to Russian Economic Development Minister Maxim Reshetnikov at the St. Petersburg International Economic Forum.
Russia and Brazil are in discussions regarding long-term liquefied natural gas (LNG) supplies to Brazil, according to Russian Minister of Economic Development Maxim Reshetnikov. The negotiations are progressing to a substantive stage, with companies currently engaged in talks to secure contracted volumes.
Russia's Economic Development Minister Maxim Reshetnikov stated that Moscow sees prospects for building additional Russian-designed nuclear power units in Brazil, including both large and small capacity options. He also highlighted ongoing cooperation in the IT sector, focusing on digitalization and cybersecurity solutions.
Russia's Economic Development Minister Maxim Reshetnikov stated readiness to enhance agricultural cooperation with Brazil, focusing on increased imports of coffee, fruits, and meat, and collaboration in plant breeding and education. Russia also seeks dialogue on drug registration with Brazil's health agency.
Russia's Economic Development Minister Maxim Reshetnikov stated that Russia is a key supplier of fertilizers to Brazil, meeting nearly a third of the country's market needs. Russian companies are also investing in modernization and infrastructure development in Brazil.
"Russian exports contribute to strengthening of food security of Oman through supplies of wheat and barley," Maxim Reshetnikov noted
Risks existing in global trade are growing protectionism and volatility in financial markets, Maxim Reshetnikov noted
Inflation geared down to 5.6% as of the last year-end, Maxim Reshetnikov said
