Dubai-Mubasher: Cooperation between Russia and UAE continues the positive trend as they have significant potential for further development of bilateral trade and economic relations, said Denis Manturov, Russian Minister of Industry and Trade.
During his visit to the UAE in 27-28 November 2015, he added both countries have the common goal to streamline mutual supplies, diversify the overall structure of trade and partnership in the investment domain.
The Russian-UAE interbank relations have positive and successful future especially in areas that are not conditioned with sector sanctions, Manturov said, adding that perspective interbank collaboration is to cover trade financing, correspondent relations and client payments.
The Russian minister positively assessed the results of cooperation between the Russian Direct Investment Fund (RDIF) and largest UAE investment funds, and highlighted the interest of the Russian companies in entering the UAE market.
Commenting on the tourism sector in the UAE in particular, Manturov noted that over 600 thousands of Russian tourists visited UAE in 2014 contributing to local economy up to $1.35 billion.
Russia is interested in boosting the traffic of UAE tourists to Russia in the nearest future so it has established the Russian National Tourist Office in the UAE in June 2015.
