The Philippine Russian Business Assembly (PRBA) Inc. is supporting the initiative of President Rodrigo Duterte to expand trade relations with the Russian Federation.
"The president's declaration bolsters our very own initiative, which is for the furtherance of our business ties with Russia," Russian Federation Honorary Consul Armi Lopez Garcia said in a statement on Tuesday.
The PRBA is also focusing on the expansion of tourism.
"We hope to generate more trade opportunities and strengthen our bilateral relationship with Russia through tourism," said Marita Limlingan, PRBA member and Philippine representative of Russian airline Aeroflot.
Aside from tourism, the PRBA also seeks to expand trade relations with Russia in mining, energy, education, culture, labor, and real estate.