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Opportunities for Singapore firms in Russia's consumer, tech sectors

Average Russian spends 80% of disposable monthly income; e-commerce market to be worth US$21 billion by 2020

Singapore

SINGAPORE businesses will stand to gain by venturing into Russia's consumer and technology sectors.

This was the key message from yesterday's Russia Singapore Business Forum organised by Enterprise Singapore. The event saw more than 300 Singapore and Russia business leaders in attendance.

Kathy Lai, deputy chief executive officer of Enterprise Singapore, said local firms should seek opportunities in Russia's consumer market, which comprises 150 million people with a median population age of...

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