Speaking at the Asian-Pacific Economic Cooperation forum (APEC) in Sydney, which has gathered representatives of 21 Pacific Rim economies, Ian Macfarlane said that Russian companies were primarily interested in mining technologies and services.
He added that there were also good prospects for investment in the production of nickel, steel, oil, natural gas, as well as in environmentally friendly low-emission technologies.
The minister also said that additional opportunities for Russian investment existed in infrastructure projects with both federal and local governments, which would total $100 billion and would be completed by 2013-1024.
The first major Russian investment in Australia dates back to 2005, when Russian aluminum giant RusAl acquired a 25% stake in Queensland Alumina Ltd.
