Around 400 Swedish companies have representative offices and branches in Russia. Volvo, Scania, Oriflame, ABB, and Tetra Pak are some of the brands that are developing their own production networks, while IKEA is the largest private investor in Russia. The presence of Swedish businesses in Russia continues to expand. At the end of 2017, AstraZeneca, the Russian Ministry of Industry and Trade, and Kaluga Region signed an investment agreement, providing for AstraZeneca investment of a further RUB 1 billion in upgrading its Russian facility and technology transfer to manufacture drugs to treat diseases that have a high impact on society. Advancing dialogue at the intergovernmental level and removing obstacles to regular contacts is strategically important for the growth of economic links between the two countries. What measures are necessary to support and accelerate the development of collaboration between Russia and Sweden? What more can the national government and regional authorities do to encourage Swedish companies to continue to invest in Russia? How can the digital transformation of business improve efficiency?