Unlocking Asean partnership opportunities

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Unlocking Asean partnership opportunities
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The Russia-Asean collaboration offers a rare chance to redefine the region’s economic, technological and educational trajectories.

THE Russia-Asean International Business Forum in Kuala Lumpur stands as a significant milestone in strengthening economic, technological and cultural bonds between Russia and Asean nations.

With both sides demonstrating a clear commitment to strengthening ties, the potential for innovation, sustainability and long-term prosperity is boundless.In today’s volatile geopolitical climate, reliance on a single currency like the US dollar exposes nations to external risks and economic instability.

A potential initiative could involve piloting blockchain-based trade systems or forming a joint study group between Asean central banks and Russia to explore innovative financial frameworks, including unconventional solutions highlighted by Emir Research in “BRICS’ Currency Dilemma: A Necessary Quality Leap Beyond the Dollar”. Such measures would strengthen economic ties and position the region as a global leader in financial innovation and resilience.

Russia is advancing its first land-based SMR, the RITM-200N, with a 55 MW capacity, with commissioning slated for 2028, following the success of its earlier SMR, the KLT-40S, used in a floating nuclear station. Quantum computing represents another vital area where Malaysia must accelerate its efforts, as a skilled talent pool is indispensable for success.

For instance, collaborating with Russia on infrastructure projects offers immense potential, particularly in transportation and urban planning.

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theSundaily /  🏆 25. in MY

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