Russia increased its supply of mineral raw materials and oil to… (асеана · россия · поставка)

Russia increased its supply of mineral raw materials and oil to ASEAN countries by 40% in the first quarter amid the crisis in the Strait of Hormuz, said Maxim Reshetnikov, head of the Ministry of Economic Development, at the opening of the business forum 'Russia-ASEAN' in Kazan.

Consensus

• Russia increased energy exports to ASEAN by 40% in the first quarter
• The increase occurred amid the crisis in the Strait of Hormuz
• The announcement was made at the 'Russia-ASEAN' business forum in Kazan
• The forum was held in conjunction with a 35th-anniversary summit
• ASEAN consists of 11 countries

Points of divergence

• The forum began on June 17 and is related to a jubilee summit celebrating 35 years of dialogue partnership — vedomosti
• President Putin sent a message to the forum participants and emphasized digital transformation, energy cooperation, and other areas — vedomosti
• Putin will attend two sessions and hold about ten bilateral meetings at the summit — vedomosti
• Four documents are expected to be adopted at the summit: the Kazan Declaration, a Comprehensive Plan of Action for 2026–2030, and joint statements on energy and culture — vedomosti
• The trade turnover between Russia and ASEAN has grown by 58% over the past 10 years and exceeded $21 billion — vedomosti
• Meat exports from Russia to ASEAN have increased 50 times, and fertilizer exports more than 30% — vedomosti
• The forum started on June 17, 2024 — interfax