Are you sure?

Russian business lobby sees deals with S.Korea

  Russia’s main business lobby said on Monday it saw prospects for South Korean companies to join the development of a major Siberian gas field as well as big coal deposits in Russia’s far eastern region.



Alexander Murychev, first vice-president of Russia’s Union of Industrialists and Entrepreneurs, told Reuters on the sidelines of a Russia-Korea business forum that Korean companies could join the Kovykta gas deposit before the end of the year to help unlock a long-delayed project for a gas pipeline from Russia to South Korea.

He also said South Korean Hyundai Steel was in talks with Russian steel and coal miner Mechel over becoming a partner in its Yakutugol coal deposits. (Reuters)