Russia Eyes Broader Tech Сooperation with S. Korea: RUSNANO Head
Russia is seeking to expand cooperation with South Korea in the advanced technology sector to diversify its
Anatoly Chubais, CEO of RUSNANO Group, said his company is seeking ways to work with South Korean partners to jointly launch investment projects in the
“We’re discussing new opportunities in having Koreans invest in Russia, or invest in the Korean
He is now in Seoul to attend an international forum to be hosted by the Sovereign Wealth Fund Institute of the United States.
Chubais, an influential member of the Russian government in the 1990s, said the Russian economy will suffer this year due to cheap oil prices and
Despite the grim outlook this year, Chubais said, the Russian economy will bounce back next year as a cheaper ruble is expected to bring in more investment and help Russian exporters.
“We expect a restart of economic growth. We believe strong fundamentals in the Russian economy will let us restart the economic growth and slow down the inflation rate,” he said. “The low ruble will make the Russian economy more attractive for the foreign partners.”
While it is still important to maintain stable relations with Western economies, Chubais said Russia is shifting its main focus to Asia for further growth.
“For us now, Asia is the priority … We see huge new opportunities here in Asia, (including) Korea, China, Japan, Singapore and Taiwan. Those are the most developed countries in Asia, and we would like to develop our cooperation with them,” Chubais said.
Although Seoul and Moscow currently have close economic relations, the official said he hopes to see an expanded partnership between South Korea’s
Chubais, who led the