Trade between Russia and EU tumbles
The volume of commerce has been decreasing dramatically, according to a deputy PM
© Getty Images / Thierry Dosogne
Trade turnover between Russia and the EU fell by a third in April-December 2022 amid Western sanctions on Moscow, First Deputy Prime Minister Andrey Belousov has revealed.
Russia’s commerce with the EU has been declining significantly, the official said. “At the same time, trade turnover in the eastern and southern directions is growing,” Belousov said on Wednesday.
The deputy PM highlighted that during the period of April-December of last year Russian trade turnover with Türkiye, Egypt, and the countries of the Persian Gulf nearly doubled, while volumes with Southeast Asian countries and China rose by more than 17%.
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