Russia's Investment Cooperation with ASEAN Countries

This article examines the current state, directions, problems and opportunities of Russia – The Association of South East Asian Nations (ASEAN) investment cooperation. Due to the significance for Russia and ASEAN countries to diversify foreign economic relations in terms of continuing global instability, there has been a growing need in the use of the potential of the countries - estimated by the authors as high - in investment cooperation. The authors note the existence of economic, political, institutional and structural background that can ensure the growth of investment cooperation between the parties. Based on a retrospective analysis of the data provided by the United Nations Conference on Trade and Development (UNCTAD) on bilateral investment cooperation between Russia and ASEAN, the authors conclude that this cooperation is fragmented and unbalanced at the present stage, yet with an increasing value. In order to intensify investment cooperation, according to the authors, the possibility of creating a Free Investment Zone between Russia and ASEAN should be considered, which would contribute to both the solution of the existing problems and the formation of new areas of investment cooperation.

This article examines the current state, directions, problems and opportunities of Russia – The Association of South East Asian Nations (ASEAN) investment cooperation. Due to the significance for Russia and ASEAN countries to diversify foreign economic relations in terms of continuing global instability, there has been a growing need in the use of the potential of the countries - estimated by the authors as high - in investment cooperation. The authors note the existence of economic, political, institutional and structural background that can ensure the growth of investment cooperation between the parties. Based on a retrospective analysis of the data provided by the United Nations Conference on Trade and Development (UNCTAD) on bilateral investment cooperation between Russia and ASEAN, the authors conclude that this cooperation is fragmented and unbalanced at the present stage, yet with an increasing value. In order to intensify investment cooperation, according to the authors, the possibility of creating a Free Investment Zone between Russia and ASEAN should be considered, which would contribute to both the solution of the existing problems and the formation of new areas of investment cooperation.