×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Russia Ready to Give Thailand Weapons in Exchange for Fruit, Rubber

Denis Abramov / Vedomosti

Russia is prepared to trade military hardware for Thai rubber, fruit and vegetables as Moscow seeks to boost its ties with Asia amid worsening relations with the West over the Ukraine crisis, news reports said Wednesday.

Russian Trade Minister Denis Manturov said Wednesday that Russia intends to sell Thailand more than $160 million worth of weapons in exchange for an amount of rubber valued at around the same price, RIA Novosti reported.

A contract on the purchase of at least 80,000 tons of rubber should be signed by September, with the delivery to come next year, Manturov was quoted as saying by RIA Novosti. He added that the deal would not be a "direct barter," as Thailand is likely to buy more weapons than Russia buys rubber.

Also on Wednesday, Oleg Siyenko, the CEO of Russian tank and train maker Uralvagonzavod, said his company was ready to sell both civilian and military equipment to Thailand in exchange for fruit and vegetables.

These barter arrangements come as Russia looks to boost its trade ties with Southeast Asia as U.S. and EU sanctions on Moscow over its role in the Ukraine crisis choke off investment from the West.

Prime Minister Dmitry Medvedev visited Thailand in April, becoming the first Russian prime minister to visit the country in 25 years. During the visit, Thai Prime Minister Prayut Chan-o-cha said the countries were intent on boosting trade turnover from the current $5 billion to $10 billion by 2016.

Manturov also said Wednesday that Thailand had expressed interest in creating a free trade zone with the Eurasian Economic Union (EEU), a Russia-led economic alliance of post-Soviet states, RIA Novosti reported. Nearby Vietnam signed a free trade agreement with the EEU in May.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more