Ashraf Ahmed, president of the Dhaka Chamber of Commerce & Industry (DCCI), highlighted the potential for increased Russian investments, particularly in the power and energy sectors, to drive Bangladesh’s economic progress and industrialization. Speaking at a meeting with a Russian trade delegation led by Alexander Rybas, the trade commissioner from the Russian embassy in India, Ahmed encouraged Russian importers to purchase more Bangladeshi products, such as readymade garments, pharmaceuticals, and IT services.
Ahmed also noted the success of existing Russian investments in Bangladesh and invited further investments in agriculture, technology, education, and other sectors. Bilateral trade between the two nations reached $965.61 million in the 2022-23 fiscal year, with Bangladesh exporting $460.39 million and importing $505.22 million worth of goods.
Rybas emphasized the longstanding cordial trade relations between Russia and Bangladesh and highlighted Russia’s support for projects like the Rooppur nuclear power plant. He pointed out opportunities for Russian investment in IT, banking, and engineering sectors. Additionally, Bangladesh’s skilled workforce has been contributing to Russia’s shipbuilding industry since 2023.
Ekaterina Semenova, deputy chief of mission at the Russian embassy in Bangladesh, noted that Russia holds the second-largest commercial relationship with Bangladesh in South Asia and stressed the importance of expanding private sector ties to strengthen trade relations. The Russian delegation expressed strong interest in investing in Bangladesh and praised it as an attractive investment destination.
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