St Petersburg, June 20: China, India, Turkey and Azerbaijan have replaced the European Union in Russia’s foreign trade, while trade with China could reach $200 billion this year, acting head of Russia’s Federal Customs Service Ruslan Davydov said in an interview with Sputnik on the sidelines of the St. Petersburg International Economic Forum (SPIEF).
“China’s growth is very serious. I think the task set by our countries’ leaders in terms of trade at $200 billion, if there are no cataclysms, is achievable this year,” Davydov said.
He said trade with India, Turkey and Azerbaijan is also growing.
“These countries have already replaced our trade with Europe: the southern and eastern directions are developing very actively,” Davydov said.
The trade turnover between Russia and the European Union in 2022 reached a maximum in eight years – 258.6 billion euros ($282 billion), while European countries’ imports from Russia were at the level of a historical maximum, according to a RIA Novosti calculation in March based on Eurostat data.
(UNI)
Follow our WhatsApp channel
