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Russia-Thailand Investment Forum and New Economy Opportunities

Russia-Thailand Investment Forum and New Economy Opportunities

MGR Online•General•48m ago

Reader Briefing

The 2nd Russia–Thailand Investment Forum highlighted potential cooperation in core and new economy sectors despite payment system obstacles.

  • •The 2nd Russia–Thailand Investment Forum was held in Thailand from October 29–31, 2026.
  • •Bilateral trade between Thailand and Russia averages approximately 2,000 million USD per year.
  • •Russian tourists visiting Thailand reached 1.5 million people in the first 10 months of this year.
  • •Russia is negotiating with the Bank of Thailand to connect the MIR payment system with Thailand's PromptPay.

Overview

  • •The 2nd Russia–Thailand Investment Forum took place on October 29–31, 2026, in Thailand.
  • •Alexander Stuglev stated that 2027 will mark the 130th anniversary of Thai–Russian diplomatic relations.
  • •Bilateral trade between Thailand and Russia is currently estimated at 2,000 million USD or approximately 68,000 million baht per year.
  • •Alexander Stuglev identified a lack of information regarding trade registration and financial management as a significant current limitation.
  • •Core industries where Russia leads include energy, oil, natural gas, minerals, metals, agriculture, food security, and logistics.
  • •New Economy sectors with mutual potential include medicine, pharmacy, healthcare, wellness, digital platforms, and the creative industry.
  • •Dusit has invested over 3,300 million rubles or about 1,400 million baht to manage a luxury resort in Anapa, Russia.
  • •Russian banks are currently excluded from the S.W.I.F.T. system due to sanctions from the United States and Western nations following the war with Ukraine.

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Key Quotes

Alexander Stuglev
"lack of information"
ขาดข้อมูลข่าวสาร

Key Entities

Person

Alexander Stuglev(อเล็กซานเดอร์ สตุกเลฟ)
Chairman and CEO of the Roscongress Foundation.
Wisan Wanasaksrisakul(วิศัลย์ วนะศักดิ์ศรีสกุล)
CEO of Warrix Sport Public Company Limited.

Organization

Roscongress Foundation(มูลนิธิรอสคองเกรส)ℹ️
A primary organizing partner of the Russia–Thailand Investment Forum.
Dusit
A Thai hotel chain managing a luxury resort in Anapa, Russia.
Warrix Sport Public Company Limited(บริษัท วอริกซ์ สปอร์ต จำกัด (มหาชน))
A Thai sports company providing apparel and equipment to various sports clubs in Russia.
S.W.I.F.T
A global cross-border payment system from which Russia was disconnected.
Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️
The central bank of Thailand currently negotiating the connection of the MIR payment system with PromptPay.
MIR
Russia's own payment system.
PromptPay(พร้อมเพย์)ℹ️
Thailand's payment system.
A7 Cross-border Payment
An alternative payment channel from Russia for international trade.

Place

Anapa(อนาปา)ℹ️
A city in Russia where Dusit manages a luxury resort.
Russia(รัสเซีย)ℹ️
A global power with economic potential in core and new economy sectors.
Thailand(ประเทศไทย)ℹ️
A country with hospitality expertise and potential for a new economy partnership with Russia.
Ukraine(ยูเครน)ℹ️
A country involved in a war with Russia that led to Western sanctions.
United States(สหรัฐฯ)ℹ️
A nation that imposed sanctions on Russia.