Russia signs agreement to launch two South Korean satellites on Soyuz rocketScience & Space August 21, 13:33
Poll reveals Russians take pride in country’s symbolsSociety & Culture August 21, 13:15
Press review: Moscow works to cool off US-North Korea spat and Japan eyes peace treatyPress Review August 21, 13:00
Passenger ground effect vehicle seating 100 to be created in Russia in 2020-2022Military & Defense August 21, 12:35
Australian cyclist Perkins gets Russian passportSport August 21, 12:21
St. Petersburg buyer scoops up Yeltsin’s limousine for over $330,000Society & Culture August 21, 12:20
US suspends procedure of issuing nonimmigrant visas throughout Russia as of August 23World August 21, 11:59
Four victims of Surgut stabbing remain in grave conditionWorld August 21, 11:21
Russian Arctic National Park to set up reserve area on Novaya ZemlyaSociety & Culture August 21, 9:36
SINGAPORE, February 18. /TASS/. Russia’s trade with Singapore dropped by 28% in 2015 to $5.5 billion, Russian Ambassador to Singapore Andrei Tatarinov told TASS on Thursday.
"Russia’s exports decreased last year by nearly 30% and stood at about $5.1 billion whereas imports went down by 16% to $439 million," he said. "Mutual trade is demonstrating a rollback to the 2013 level."
"The tendency is quite explainable taking into account the general decline in the global economy, economic slowdown rates, etc.," he noted. "It is a natural process."
Nevertheless, in his words, development of bilateral cooperation in various spheres is very important in the current conditions. "Singapore has a strong research and technology potential. For instance, it manufactures aircraft engines and has technologically advanced electronics production lines," the Russian diplomat said. "We also have interesting technologies which might attract attention of Singaporean companies. We are interested in establishing cooperation with Singapore to launch their technologies at our companies, primarily in the Far East.".