The Philippine-Russian Business Assembly (PRBA) is offering its services to the government in linking the Philippine business sector to its Russian counterparts.
The move is in response to President Rodrigo Duterte's call for reviving ties and trade deals with Russia.
"Its extensive experience in dealing with the Russian government and business community makes it well suited to take the lead in materializing private sector cooperation initiatives between the business communities of the two countries in support of the overall direction of the economic relations between the Philippines and Russia," PRBA said.
The group added they are well prepared to help organize a business delegation to accompany the President when he visits Russia later this year.
Since its establishment in 2009, the PRBA has been the principal organization driving business relations between the Philippines and the Russian Federation.
Over the years, it has organized successful two-way trade and tourism missions where business matching, education, and promotions activities have resulted in the signing of twin city agreements (e.g., St. Petersburg and Province of Cebu; Municipality of Parnas, St.Petersburg and Dipolog), signing of the working cooperation agreement of PRBA's counterpart business council in Russia, the Russia-Philippines Business Council in November 9, 2011, and played a significant role in facilitating a rise in Russian arrivals in the country for touristic and business exploration purposes.
The PRBA is a network of businesses involved real estate, airline and travel, financial services, construction, shipping, supply chain/logistics management, education, and other industries.