LIMA, November 20. /TASS/. Russian President Vladimir Putin discussed promotion of bilateral cooperation and investments with Philippines President Rodrigo Duterte, press secretary of the Russian President Dmitry Peskov said on Sunday.

"Presidents agreed to promote activities of the intergovernmental commission today and give assignments to ministries to call its next meeting as soon as practicable," Peskov said.

"The Russian President noted Russian companies are ready to intensify work on the Philippines market," the press secretary said. This refers to such industries as railcar building, manufacturing of rails and metals industry, Peskov said. "Duterte underscored in response the possibility for Russian investors to enter into the most diverse areas in Philippines in the nearest future," he added.

Putin invited his Philippines counterpart to visit Russia at a time of his convenience, Peskov said.