Cambodia, Russia sign deal to boost bilateral cooperation

Cambodia and Russia on Tuesday signed a Memorandum of Understanding, aiming at promoting bilateral cooperation in all fields, particularly trade, investment, tourism and education, officials said. The deal was inked between Sun Saphoeun, secretary of state of Cambodian Ministry of Foreign Affairs and International Cooperation, and Alexander Radkov, head of Russian Federal Agency for Tourism, at the 7th session of the intergovernmental Cambodia- Russia commission for trade, economic, scientific and technical cooperation. ... The bilateral trade volume is relatively small--it was about 50 million U.S. dollars a year. On the investment side, Cambodia attracted about 617 million U.S. dollar investment from Russia from 1994 to 2012, according to the record of the Council for the Development of Cambodia. ...

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