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Russia pledges to boost trade ties with Cambodia, to consider debt relief

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Russian Ambassador to Cambodia Anatoly Borovik with DPM Hor Namhong.

Newly appointed Ambassador of Russia to Cambodia Anatoly Borovik has pledged to further boost the trade relations and investment between the two countries, which are currently at a low level.

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The commitment was made here yesterday when the Ambassador paid a courtesy call on Cambodian Deputy Prime Minister Hor Namhong.

On the occasion, Mr Namhong suggested an online meeting of the​ Cambodia-Russia Intergovernmental Committee on Trade, Economic, Scientific and Technical Cooperation (IGC) to promote trade and investment, adding that due to COVID-19, Cambodia has not yet been open to foreign tourists, but welcomed all foreign businessmen.

The Cambodian deputy prime minister also asked the Russian side to help push for a free trade agreement between Cambodia and the Eurasian Economic Union composed of four Asian countries and the Russian Federation, and to support Cambodia to become an observer, and a future member, of the Shanghai Cooperation Organisation (SCO).

For the debts Cambodia owed to Russia, Mr Namhong proposed to solve the issue based on the spirit of long-lasting friendship and mutual understanding between the two countries and peoples.

Ambassador Borovik promised to hold the IGC’s online meeting and to submit Cambodia’s other requests to his government for consideration.

Cambodia and Russia will mark the 65th anniversary of the establishment of their diplomatic relations in 2021. Phal Sophanith – AKP

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