Translation. Region: Russian Federal
Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –
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Malaysian citizens have become the first foreigners to try out a new payment mechanism, the Tourist Card, which can be used to pay for accommodation, transportation, museum visits and other expenses via remote replenishment. This was reported by Russian Minister of Economic Development Maxim Reshetnikov, commenting on the results of the official meeting between President Vladimir Putin and King of Malaysia Sultan Ibrahim.
One of the first users of the card was Malaysian Senator Jasiri Alkaf. He successfully used this payment instrument during his visit to St. Petersburg as part of the SPIEF-2025.
"Tourists from Malaysia have increasingly begun to visit Russia. In the first quarter of 2025, compared to the same period last year, the tourist flow doubled," noted Maxim Reshetnikov.
The number of Russians visiting Malaysia is also growing. In 2024, this figure exceeded the pre-COVID level by 64% compared to 2019. Since July 2025, the validity of the electronic visa has been increased from 60 to 120 days, and the length of stay from 16 to 30 days. At present, about 5 thousand people have used this mechanism.
The minister also noted the growth in trade turnover between the countries. "In January-May 2025, the growth was 40%, while Russian exports to Malaysia more than doubled," said Maxim Reshetnikov. "Our manufacturers supply fertilizers, mineral products, oil, and coal. Business is working on the supply of Russian pharmaceuticals and medical equipment. We pay special attention to the certification of Russian meat and dairy products for supplies to Malaysia."
In addition, according to the Ministry of Economic Development, Russian enterprises are showing interest in localizing production in Malaysia. Plans include organizing joint business missions in special economic zones of Russia and ASEAN countries.
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.