seen things going on? the environment is amazing, isn't it? electric that's most here. yes. so many participants i heard of what? 10000 i 115000 participants from over a 100. so the national these and it's really exciting. like what you said earlier. hall dads lot more representation from africa, from the middle east, as well as solve this asia and the whole of asia is present. she has to compensate for those who are missing from europe and united states for this. yeah, well it's extremely important part of the world, so it's east asia, on the economies emerging growing, but also at the entrepreneurs from that region are, are spreading their skills across the world. what do people hear from the side of the stage a want to get from the form? is it, is it developing relationship? is it getting hard deals? what's, what's in it for the likes of malaysia and indonesia, thailand, etc. i think is a really about looking for a portion of these for investments in such

a region which 6 with 619000000 population. it's a huge market to target. and because of that, we see how the countries and obviously it has been rising, especially when it comes to the gross domestic product. in fact, by 2030 in an asian, we one of the top 10 really in the war and that's off of global rankings for gross domestic product and the set to be the false by 2015. that shows how important se, asia, as a region to a whole. well, you'll have noticed walking around here, a lot of energy companies, of course, oil and gas, very important to russia's economy. but also the exports are important to you are part of the world to benedict. and just to give you a sense of the figures to the audience, rushes, oil exports recently hit at 1 point, one at 1000000 tons of fuel, oil and vacuum gas oil. at shipments at to senior port malaysia and the space of a month, you know, 30 days that's going without in mind. how do you see street developments and not

spirit? i think that is that is really exciting. you decided to take them. they just quote that just give it a bit of context. i mean in 2021, that was 371000000 of group. i told them exported and rushed to malaysia. we find petroleum of 536000000. the accounts for a quite a lot substantial the 1500000000, the exported to malaysia as a whole. i see this is a huge, huge parts the, especially with the coming economy recovery, there's going to be a higher growth of the mon for petroleum oil. and gas definitely in the region. and as a result, the quick side of things that you do a support that shows how important it is that russia continues to play as role as an important an export the well in the region to put a feel development. so how does your part of the world, how does malaysia react benedict, for instance, when it sees a push from the west for, for bring policies. everybody wants to a better cleaner environment. but there comes out of a certain degree at the expense of and people in the, you know, for one is

a better word developing world, trying to, to get their lives best or not. what do people in malaysia say when they hear that saying you must go green, but oil and gas is crucial, isn't enough to getting to that stage where you can make decisions. and on the independence level, i think we need to understand that this population was going green. it is a stepping stone. it's not a one day to information. yeah. we, sometimes the west expects from developing countries like the solvers, asian region. i think it's very important to understand that we will take time role most not bills of the i would say st. petersburg was not get into the such a beautiful city. it takes time in all of this kind of transformations with when energy requires a lot of joint venture through cars, technology transpose exploration and production also are indeed what sustainability . and i think that's where russian melisha can work together. true advice

technology. let's explore how we can make exploration, and that's a wasn't guess extraction in oil and gas most sustainable in the long run. so that, that's what's going to be the focus really for. so some of malaysian delegates you think today? yes, i believe that in the long term, not just focusing on a joint venture, but also potentially leading to long term of free trade agreements in energy related industries. i think that is the way to go into long term something else of interest. and that seems to beginning momentum fedex the recent economic for him in cars. um then other russian city. so on malaysia, signed an agreement with russia on the import of hello at products. are there similar expectations here in st. petersburg, getting those deals? and i definitely think so that's so much a portion of the and i'm exploring unfortunately these when it comes to how loud in the street. um, no, we realize that especially with malaysia certification body, jochem. it's a well recognized house with a decent body. it's working together with russian exports, especially if it's

a poultry, lamb, and b. you can explore so much more with a certification that militia can provide. now this is why it's important to explore this because it is a good way to explore the 240000000 of the most and population in a whole southeast asia. that's a huge market to tap into for russian explosives. if this can be satisfied by the regional um certification bodies like talking for example, it will definitely go a long way into stepping into and explore the question. what about other areas of cooperation? do you see with the russian malaysia in the future? benedict, i think the own n g be on hold all industries. definitely something that we need to look at. this would security, considering that russia is of an agricultural called our house like sporting read bali votes and i things here. it's where we need to explore a bit more about how we can a screw up with security for the entire region as a whole. considering that recently we have been bullying. we have been confronted with a huge issue of kind of mall notation and, and poverty around the

a. i think that's what we need to explore how to ensure that i'll put sauces are secure, especially to buy left. so we'll treat bi lateral research and development together and recently the minutes of every culture and foot, se dorothy and malaysia sign m o u, for the russian counterpart to strengthen by that told recent cheap entry input security. and also in a quick call to i think that's something that's exciting. it's a new step to us, new collaboration. the way you're speaking to. there seems to be so much scope for cooperation that you know, it, it really to a degree baggers, police the way that some russian, some western leaders are saying russia is completely isolated. there's a big world out there. it's not just europe in the us. yes, i definitely agree with you that there tends to be a lot of p, a mongering, right. a lot of sharing over risk, especially by the west and media hot. i think the hall russian has been isolated by looking at what we have today. i don't think so. that's the case. we understand

that in the long time of russia still is an important global play on the walls page . and it is still a significant partner in the long term for our region. i think we need to look further than just the usual traditional mindset that western exports as an end free this 10 ring to the table. me. i think we really need to look at new ways how we can explore by lateral traits given trading using local currency, for example, instead of just using the us all the is this so many positive piece? is there a sense but malaysia is doing that, or are they trying to do trade in the room currency the ring that right? yeah, right now is that is not one of the focuses in, in the government right now to try and do direct cut out the middle to get that reserve dollar out of the way for not on say, you know what we, we've got the confidence to do deals in our own currency. yes, stephanie has been done with china, the chinese redmond, b emulation, main gate, and bilateral rates in 2011 it's. it's been re exploring it with india as well. i'm

pretty sure that in a long time there will be a lot more exploration in this by. that's the real treat to the rebel and also the ring it not only that i'll prime is the at the moment in march. recently, he proposed the revival of the asian money to refund. i think the vision money to refund a will be a huge oil change or a huge milestone in terms of promoting the use of local currencies, especially to replace the toilet in a new future. what was the issue of the dollar eyes ation if it is gaining speed because of course, the majority of the world holds dollars in reserve us to do trade in, in that because it's just easy. but in terms of what you're losing in funding from that because you have to pay a slice, you know, to the chief to those who are printing the dollars. of course, washington doc doc takes away some of the momentum from those direct dealings, especially in, in asia because that you've got so much scope there for development. that's why not

use your own currency. yeah, definitely. i agree, if you i thing from our, our research and such a 6 we as approximately to 85 countries that are really exploring different ways of it all arise. they should in the last few years, especially in the immediate uh yeah, that's also because of how the toner has been up top. i mean, and using so much of interest rate height, rest of interest rates. heighten repeat the interest rates height, which is at the expense of the developing well, and that is really unfortunate, and i think we need to look at a stable currency mckenna, csm, on what, how we can treat, which will be profitable for developing countries. couple more just quick point, sir, and is there a nervousness in malaysia and i'm thinking maybe small, medium sized businesses operate, perhaps venturing into markets such as russia with the way the global environment is. know that perhaps they could see and sales on the side of sanctions or is it,

you know, we've got to look after ourselves 1st. what's the sense that the moment, i think, considering the issue of the sanctions that the west has leased on russia? that's definitely a growing fear of how this is going to work, especially for the s a niece in malaysia. but that being said, the sanctions on not across the board. yes. within industry is these thanks as i don't please law, they are always ways to maneuver to parallel impulse, for example, from our from products coming from russia. and i think there's a willingness to explore this different pathways to manual costs the sanctions. and i think for those who are willing to explore into desktop with the will read the habit because there's a difference, isn't there between business and government relations in business terms. it tends to be the bottom line you. this is good for you. this is good for us mutual beneficial issues, whereas in the government there's always going to be strange we, we don't completely agree with our best allies. so in a business sense,

there must be more scope for, for movement. all, not even though perhaps malaysian government is not fully on board with russia. well, when it comes to business, what's what, what would be the biggest sticking point there? i think is all about the economy. methods of moving forward at the end of april businesses is about how he can make the profit. and so beneficial relationship with other businesses as possible. it's not just about ideology, cool driven moves. and i think something that i want to point out is that in the region to solve this asia we have seen in the past few years as not really driven by value, is not really june by an ideal argee. you know, in the sense that you choose a more democratic or a more autocratic partner, for example, is not really of all, is that it's all about economy mechanism. why does it in for both countries as the, as the developing? well, i think that is the priority because you see the develop, you speak to roy economies. this is not so much about which i thought of the do use

quite to absolutely. pragmatism appears to be, right. know the theme of this just talking to guess up to 4 of pragmatism, trying to, to maneuver in a way that to that beneficial. and i think that's going to be a scope of the week going forward as well. we've been speaking to bennett, dick, we are seeing that research director. i'll see. i'm on a think tank in malaysia. benedict many. thanks for your time today. you. great. yeah indeed. so we're not, we have lots more guest lined up throughout the day. and at week we're going to be delving into the business world social economic. it's all inter linked, isn't it? that's what we've been hearing. we're going to try and break it down to you on the get the, the main use lines right here from space 2023 st. petersburg introduction. economics for about day 2. it's a hive of activity. it's all going on. we'll bring you the news lines from here. yeah. so great to seize. yeah, they all sounds very positive out of a good to keep an eye on things that are nice about, you know,

the governments all ok hauled since taco environmental changes with and then maybe a set to prohibit single use plastics by 2026 according to the movie is environment minutes. the buying would follow a roadmap with proposal sent to be submitted to the cabinet for approval. he went on to say the bible will encourage consumers and businesses to use sustainable technology and employ on the materials to reduce the negative impacts of plastic on the environment. it may well maybe it has also prohibited the export of the process . let's see it as was all those critical minerals. i just googled, manganese and graphite. it comes as the government tries to protect time, capitalize all those resources are made. rising demands of minerals used in

renewable energy technologies such as the manufacturer of electric vehicles. now the ball go remains inpatient this by an unusual mineral sales deal negotiated between the maybe a and the pin union and last year as a union attempted to reduce is relies on chinese resources. now let's take a deep a look at the africa's not for research as well that went into the the you are an affidavit, contains 30 percent on who was mentor was of including 8 percent of natural gas. i'm 12 percent of global oil for the mall. the continental health, 40 percent in the world, gold deposits and up to 90 percent of its crew. ma'am, i'm platinum reserves. now despite the kansas tremendous richness, all the sources before the south africa is sufficient general. but these, these prices commodities would be best suited employed within the contest board is

these agreements i the agreements and the events, the media face where it would be the media miles. and then we have discovered the under the exporting them low cost of all we plus media export if needed us the death of glen press. what is the reason why you should export that? these manufacturing legends cap and even that may be. and so for the benefit of the young people, the benefits will not be limitless and the media opinion a better. so if i forget to on it and seeing that we're on the other hand, it is clear that the reason can be pointed for something must be good then to have a imagined you've been passed. like to do that in the context of a new energy systems that this leave you. i mean, betsy said we'll have all the good of the benefits for future generations. the money, the ben get got on cheat air by ensuring that the media allows a get process media

the didn't this possible going forward? so yes i, i think finally now if it's in the media it's in the driving seat disarray.