RUSSIAN COMPANIES in the nuclear, mining, and rail industries are set to visit the Philippine next year, the Department of Foreign Affairs (DFA) said, citing a Russian official.
The visits form part of the Philippines-Russia Joint Commission on Trade and Economic Cooperation (JCTEC) meeting in the Philippines scheduled for January.
The intergovernmental body will be co-chaired by Deputy Minister for the Russian Department of Inter-regional and Cross-border Cooperation of the Ministry of Economic Development Alexander Tsybulskiy and Department of Trade and Industry Undersecretary Ceferino S. Rodolfo, and is intended to expand trade cooperation between the two countries.
In a statement released by the DFA on Monday, Mr. Tsybulskiy said that he will be joined on the visit by executives from Rosatom State Atomic Energy Corp., JSC Russian Railways, and MMC Norilsk Nickel.
Rosatom has nuclear construction projects in Finland, Hungary, Iran, India, Vietnam and China.
In its 2015 Key Facts report, the company has operations in 52 countries with annual overseas revenue of $6.3 billion.
Russian Railways reported 2015 revenue of about $24.48 billion.
Norilsk Nickel has overseas operations in Finland, the United Kingdom, the United States, China and Switzerland with about $3.843 billion in revenue for the first half of 2016. It reported revenue of about $8.54 billion in 2015.
Philippine Ambassador to Russia Carlos D. Sorreta met with Mr. Tsubulskiy last week to discuss this upcoming meeting.
Sought for comment, Foreign Affairs Spokesperson Charles C. Jose said that the Philippine Embassy in Moscow will send to the DFA a full list of Russian companies set to visit the Philippines.
“Per our Russia Desk, we don’t have yet the complete list of companies but we expect to receive it from our Embassy in Moscow,” Mr. Jose said in a text message, adding that so far the DFA has confirmed the three companies listed above.
Maxim Anyanin, head of the Visa Section of the Russian Consulate, in a phone interview said that the meeting between Mr. Tsybulskiy and Mr. Rodolfo, which was originally set for this month was postponed to Jan. 20.
In a news conference last month, Russian Ambassador to Manila Igor Khovaev said that some Russian companies have expressed interest in investing in railway, telecommunications, energy and mining in the Philippines.
He also cited the high demand for tropical fruit, particularly bananas, which could be supplied by the Philippines to Russia via the eastern city of Vladivostok. -- Lucia Edna P. de Guzman
source: Businessworld
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