Thailand Aims to Boost Trade with Russia
Taikland and Russia aim to expand bilateral trade and investment, with both sides expressing interest in using national currencies, improving logistics, and holding annual cooperation meetings. The two countries also agreed on a diplomatic consultation plan for 2026–2028.
Consensus
- Thailand and Russia aim to expand their bilateral trade and investment relations.
- Both countries recognize that current trade volume does not reflect their full potential.
- The two nations agreed to hold annual meetings of the Joint Commission on Bilateral Cooperation.
- Russia and Thailand are working on using national currencies in trade and simplifying financial transactions.
- Logistics improvements, including direct container shipping between Novorossiysk and Bangkok, are being pursued.
- The leaders of both countries expressed interest in strengthening bilateral ties.
- The 130th anniversary of diplomatic relations in 2025 is seen as a milestone for deeper cooperation.
Points of divergence
- The meeting between Russia and ASEAN leaders in Kazan was held on June 17–18 and focused on the 35th anniversary of Russia-ASEAN relations. — vedomosti
- Russia and Thailand signed a diplomatic consultation plan for 2026-2028 during a meeting in Moscow. — interfax
- Russian and Thai companies are developing mutual non-cash payment systems for tourists. — vesti
- The Russian-Taiwanese Business Council reported that Russia and Thailand are considering transitioning to national currencies in trade. — vedomosti
Coverage (5 sources)
- Thailand declares intention to increase trade turnover with Russia — Ведомости
- Thailand expects rapid expansion of trade ties with Russia, as current volume of bilateral trade... — ТАСС (Telegram)
- Thai business interested in expanding ties with Russian companies, vice-premier and foreign minister Saksit Phuangkheteu said in interview with TASS — ТАСС (Telegram)
- Thai business interested in expanding ties with Russian companies — Вести
- Lavrov stated that Russia is interested in the full development of relations with Thailand — Интерфакс
Key entities
- Thailand
- Russia
- TASS
- Sikhsak Phuangketkeaw
- MID
- Moscow
- Sergey Lavrov
- Alexey Golenevskiy
- INTERFAX.RU
- Kazan
- ASEAN
- Joint Commission
- Thai Business
More on Sikhsak Phuangketkeaw
- Thailand Receives 2M Russian Tourists in 2025
- Two Russian tourists, 22-year-old Diana Nazimova and her 17-year-old…
- Thai authorities have ordered enhanced security measures for…
More on Sergey Lavrov
- Russia to close Goethe-Institute branches over Berlin dispute
- Russia summons German envoy over drone incident
- Germany Closes Russian Consulate in Bonn, Russia Responds