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Putin welcomes new trade links with Thailand, seen as boosting Russian Far East

By Svetlana Skarbo
19 May 2016

Thai premier Prayut Chan-o-cha praises co-operation on visit to develop business links and reach $10 billion annual target.

Thai premier Prayut Chan-o-cha and Russian premier Dmitry Medvedev share a walk through the streets of St Petersburg. Picture: 

The visit saw the signing of 14 new agreements, including five private business ventures. 

'I have eight ministers with me on this visit,' said the Thai premier. 'This is the biggest delegation yet on my foreign visits. I also sent two deputy prime ministers in advance of my trip to prepare for this visit in order to make it a success.'

Putin told him: 'Despite the current global economic situation, our relations continue to develop well in all areas, including foreign politics, defence, and security.'

Agreements were reached on defence cooperation, countering money-laundering, and a memorandum of mutual understanding and cooperation between the Thai national oil and gas producer PTT and Russian counterparts.

A day earlier premier Dmitry Medvedev shared a walk through the streets of St Petersburg, Russia's former capital city. 

'In the future we should attain the target we agree on during my visit to Thailand,' said Medvedev. 

'The target is an annual trade turnover of $10 billion.'

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