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Russia could increase exports of energy resources, industrial equipment, and agricultural products to Malaysia and consider building small- and large-capacity nuclear power plants in the country, according to Russian Deputy Prime Minister Alexei Overchuk. He has been meeting with Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Fadillah Yusof at the 20th East Asia Summit currently being held in Kuala Lumpur.
Overchuk said, “We see good opportunities for increasing shipments of energy resources, pharmaceuticals, and industrial equipment, including medical, to Malaysia. There is export potential for various types of agricultural products, foremost grain, as well as livestock products. Cooperation in the field of nuclear energy is a promising area. Russia is prepared to offer Malaysia its solutions for the construction of large-capacity NPPs and small modular reactors on its territory.”
Overchuk and Yusof noted the significant potential for increasing and diversifying bilateral trade, which grew by 32.1% year-on-year to reach US$2.47 billion in the first eight months of 2025.
Overchuk “highly valued Kuala Lumpur’s constructive approach to promoting the Russia-ASEAN dialog, stressing that the deepening of cooperation with the association remains a constant priority in the development of Russian foreign economic relations.”
Malaysia imports agricultural products such as grain from Russia and exports items such as palm oil and integrated circuits to Russia. Cooperation is also expanding into sectors like nuclear energy, education, and tourism.
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