The article discusses possible priority areas of economic, scientific and technical cooperation between Russia and the ASEAN countries in the first decades of the XXI century. The article substantiates the need to strengthen the Asian vector in Russian foreign economic policy. The role of investment cooperation is particularly emphasized, as investments, along with traditional factors (natural resources and certain sectors of scientific and technological potential), are now becoming the most important lever for improving the competitiveness of the Russian economy. Russian President Vladimir Putin said during his visit to Vietnam in November 2006 that "Russia can invest several billion dollars in Vietnam's economy" [RBC daily, 20.11.2006]. Although this suggestion was made for Viet Nam, it can be applied to other ASEAN countries. Such changes in the Russian foreign economic policy are related to: * with the successful development of the Russian economy in recent years; * Russia's desire to diversify its foreign economic relations in geopolitical terms, primarily at the expense of the Asian vector; * with the formation and development of Russian TNCs that are actively engaged in foreign expansion; * increasing the attractiveness of the Russian economy for foreign investment. Let's take a closer look at each of these prerequisites in the context of the development of economic cooperation between Russia and the ASEAN countries. GROWTH OF THE RUSSIAN ECONOMY In recent years, Russia has made significant progress in economic development. The trend towards economic decline has been reversed and the economic recovery has been observed for 8 years (Table 1). Due to the favorable external economic environment, the current account balance has been constantly growing positively. Since 2000, export revenues have totaled about $ 600 billion. This made it possible to create almost from scratch large gold and foreign exchange reserves of more than $ 400 billion (third place in the w ... Read more