05:44 GMT06 April 2020
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    Russia and Brunei have agreed to step up work on the creation of a joint investment fund, Russian Economic Development Minister Alexei Ulyukayev said Friday.

    VIENTIANE (Sputnik) — Russia and Brunei have agreed to step up work on the creation of a joint investment fund, Russian Economic Development Minister Alexei Ulyukayev said Friday.

    "We discussed speeding up the work on the creation of a joint investment fund. We agreed that [Brunei] would send its experts in the near future to work with the Russian Direct Investment Fund. I am the chairmen of the Russian Direct Investment Fund's supervisory board and I will, too, give instructions to make the most use of [our possibilities]," Ulyukayev said following a meeting with Brunei's Second Minister of Foreign Affairs and Trade Lim Jock Seng.

    According to the Russian minister, the main area of investments could be the energy field as both Russia and Brunei are oil-producing countries.

    "Then, Brunei is interested in water production and desalination technologies, this is a key issue for them. We could jointly invest. There are broad investment opportunities, we have discussed Brunei possibly investing in the Far East," he said, adding that the sides had yet to consider specific projects.

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    Tags:
    oil producers, investment cooperation, Alexei Ulyukayev, Brunei, Russia
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