Thailand: EU sanctions good for Russia's trading partners says Medvedev

"The embargo we established against several European countries is working and it works to the good of producers from other parts of the world", said Russian Prime Minister Dmitri Medvedev during a meeting with Thai Prime Minister Prayut Chan-o-cha in Bangkok, Wednesday. Medvedev stated that imported agricultural production from Thailand to Russia was up by 8.5 percent in recent months as a direct result of the sanctions. The Russian Prime Minister also suggested the idea of "switching to payments in national currencies of the Russian roubles and Thai baht" as he believes it would reduce "both expenses and the risks over the exchange rate amid conditions of unstable currencies and speculative attacks on national currencies". Medvedev arrived in Bangkok late Tuesday to discuss investment in Russia's Far East and to sign a series of agreements to strengthen Russian and Thai cooperation.