Moscow and Dhaka discussed expanding ties in energy, agriculture and fertilizers
Trade bodies representing Bangladesh and Russia have signed a pact aimed at removing barriers to boost investment and cooperation between the two countries.
The Federation of Bangladesh Chambers of Commerce and Industry and the Russia-Bangladesh Business Council signed a memorandum of understanding on Thursday as the two nations seek to boost bilateral trade, currently pegged at nearly $2 billion.
“By combining our respective strengths, resources, and expertise, we can unlock significant new opportunities for mutual benefit,” Russian Ambassador to Bangladesh Alexander Khozin said.
He added that, to achieve this, the two countries need to remove existing barriers in regulation and logistics.
The pact was inked on the sidelines of a meeting of the meeting of the Bangladesh-Russia Intergovernmental Commission, a government to government mechanism that the countries have established to facilitate trade and investments.
📹 Russia And Bangladesh Move To Expand Business Ties With New Deal In Dhaka
The two countries signed an agreement following high-level business talks, with trade, banking, energy and technology among the key areas discussed.
The deal was signed by Bangladesh’s Fazlul Hoque and Russian-Bangladesh Business Council Chairperson Mia Sattar, in the presence of Russian fisheries chief Ilya Shestakov.
— RT_India (@RT_India_news) November 6, 2026
Ilya Shestakov, head of Russia’s Federal Agency for Fisheries, who led the Russian delegation to Dhaka, pointed out the need to roll out a payment infrastructure to tap the trade potential, especially given that Moscow has been cut off from the global financial system by Western sanctions.
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