Cambodia and Russia have been strengthening their trade and investment ties, with both countries benefiting from increased cooperation. Despite its small size, Cambodia plays an important role in facilitating closer dialogue between ASEAN and Russia. The trade turnover between Russia and Cambodia has been increasing, with Cambodia's share in Russia's foreign trade at 0.3% and Russia's share in Cambodia's foreign trade at 0.1%. The two countries have been working on expanding their trade relations through inter-governmental commissions and have signed a consultation plan for 2022-2024. While Russia is not among Cambodia's top investors, there is a legal framework in place to advance investment ties. Russian investors have shown interest in Cambodia's technology and heavy industry sectors. However, connectivity remains a major issue, and efforts are being made to improve trade and military cooperation. The lack of direct flights from Russia to Cambodia is also a challenge. Despite the conflict in Ukraine, there are opportunities for non-sanctioned business and advisory services in both Russia and Asia. [e0e0e058]