Moscow wants banking relations with Dhaka
Russia has emphasised the need for establishing banking relations with Bangladesh and prompt creation of a safe and reliable system for trade following sanctions imposed by the West.
The issues were discussed during the fourth session of the Russia-Bangladesh Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation (IGC) held virtually on March 13-15, according to a statement issued by the Russian embassy in Dhaka yesterday.
The Russian side was led by the head of the Federal Agency for Fisheries of the Russian Federation Ilya Shestakov and Bangladesh side was headed by Secretary of Economic Relations Division Sharifa Khan.
Both sides stated that there is a significant potential for trade and economic cooperation, despite the logistical and financial difficulties due to the unstable geopolitical situation, but noted with satisfaction the consistent implementation of the Rooppur Nuclear Power Plant project and activity of Gazprom EP International Investments BV in gas exploration in Bangladesh.
The statement said the opportunities of purchasing Russian LNG, oil and oil products, cooperation in the coal industry, joint development of green energy sources particularly nuclear and solar energy were discussed.
They also underscored promising areas for exchange of technologies, establishing joint ventures, and cooperation in railway, metallurgy, and engineering sectors.
The mutual interest in strengthening relations in the ICT field and cybersecurity was expressed. The delegations also agreed to further increase mutual supplies of agricultural products and expand their range by approving the necessary veterinary and phytosanitary documentation.
The two sides highlighted the intensification of ties between the academic circles and quota increase for Bangladeshi students in Russia. The focus was also on initiatives for the development of human resources and conducting geological and oceanographic research in Bangladesh.
The participants also discussed customs cooperation, standardisation and certification, civil aviation, communications, ICT, and mutual recognition of educational qualifications and academic degrees.
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