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Singapore: A global gateway for Russian enterprises?

Singapore with its regulatory clarity and status as an offshore financial centre should make it a compelling business centre for Russian investors.

Published Tue, Nov 13, 2018 · 09:50 PM
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VLADIMIR Putin's visit to Singapore this week, for the first time in almost 20 years in power, highlights the growing importance of Singapore as the gateway for the Russian economy and enterprises into Asia.

The Russia-Singapore Business Forum (RSBF) 2018 earlier this year concluded that while Singaporean businesses have a strong chance to profit from the growth opportunities of Russia's consumer and technology sectors, Russian corporates and entrepreneurs could also benefit from using Singapore as a platform to internationalise their businesses.

RSBF 2018, held in Singapore on Sept 20, saw Singapore's Deputy Prime Minister, Tharman Shanmugaratnam, highlight the strategic nature of Russia's market.

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