After the joint business forum between Russia and Singapore 3 big deals have been agreed the 4 day annual forum hosted this year in Singapore has announced deals for a nanotech fund, the development of the Vladivostok port and a deal for the production of condoms. The nanotech fund will be worth $120 million, There will be Singapore investment to turn the Russian Far-eastern port into an International trade center and over $20 million will be invest by a Russian company in the production of condoms in Singapore and Malaysia.

The nano technology fund will be created from a contribute $50 million each from Russian state corporation Rusnano and 360ip and the Economic Development Board of Singapore (EDB) and investment company will invest up to $20 million this fund will be used to support Singaporean Nano Technology companies and up to $20 million will be available to invest in each Nanotech enterprise and at least half of this fund will be used in Russian based and connected nanotech projects.

ME Projects Pte Ltd, Europort International Pte Ltd and Vladivostok Sea Fish Port will jointly develop Vladivostok port into an International trade hub as a strategic terminal to satisfy the Far East’s growing economic needs. The port will help with the transportation of goods made in Asia bound for the Russian and Central Europe markets and also aid with the distribution of Russian raw materials into the fast expanding Asian market.