Intercountry Cooperation at the Level of Business Councils

One of the new trends in the consolidation of Russian business with foreign companies on the global stage is interaction through business councils. These are public organizations, whose members are actively involved in the search for new partnerships with the purpose of establishing long-term cooperation. Interaction at the level of business councils opens up new horizons for solving such tasks.

On February 12, at the site of the Chamber of Commerce and Industry of the RF in Moscow, the prospects for long-term mutually beneficial cooperation were discussed during a meeting of representatives of Business Councils for cooperation with Singapore and cooperation with Cyprus, headed by their leaders – Nikolay Volobuev and Mikhail Kuzovlev.
DSC_2176The potential of a new promising vector of business partnerships – Cyprus-Russia-Singapore was demonstrated on the example of the implementation of an international project to build a high-tech sports and fitness complex for training and rehabilitation of athletes; the project is planned to be implemented by three parties. The construction site is in Cyprus, the technologies will be provided by Russian companies (Rostec State Corporation and YSAR+ JSC), and Singapore companies will form the investment package.


“YSAR+, as a member of the Russian-Singapore Business Council and a regular participant in its events, is ready to actively continue its work, both in Singapore and in the Republic of Cyprus, for example, the SDRS-MS system is already successfully operating in the German Cancer Center in Limassol. Simultaneously, our software is being introduced to a number of medical institutions in Cyprus; moreover, we are ready to promote Russian technologies in the framework of promising projects and to develop existing relationships with business structures of the Republic of Cyprus”, said the Director of YSAR+ JSC, a member of the Russia-Cyprus Business Council, and Deputy Chairman of the Council Sergey Robsky.

During the meeting, it was agreed to present this project at the international economic forum “V Russia-Singapore Business Dialogue”.


“The business dialogue that we are planning to have in Singapore this year will contribute both to consolidating the previously reached agreements on building strong business cooperation within the framework of the interaction of our Business Councils, and to the development of new approaches to the further successful implementation of our plans”, said Nikolay Volobuev, Chairman of the Russia-Singapore Business Council, Deputy General Director of Rostec State Corporation.