Ovechko, vice-president of diplomatic mission, announced that trade between Japan and Russia decreased by 41%

No time to read?
Get a summary

In January-March 2023, the trade turnover between Russia and Japan decreased by 41%. About it in an interview DEA News said Gennady Ovechko, deputy head of the diplomatic mission.

“The (Japanese) business community is under unprecedented pressure from both local authorities and abroad. Negative dynamics can also be seen in trade,” he said.

Ovechko stated that by the end of 2022, it reached approximately $20 billion (down 8.9%), while Japan’s exports to Russia decreased significantly. It decreased by 40.5 percent to $4.67 billion.

According to the diplomat, Japanese authorities restricted or banned the import of a wide variety of goods into Russia. The largest group of goods exported to the country last year was used cars. This category of goods accounted for 41.5% of the turnover.

“In the first quarter of 2023, trade decreased by 41 percent. Experts predict that it will fall even further on the backdrop of tightening anti-Russian measures by the collective West.

May 9 recognizedHe said that in January-April 2023, the trade turnover between Russia and China increased by about one and a half times compared to the previous year, exceeding $70 billion.

No time to read?
Get a summary
Previous Article

Last Congress penalized banks with the most opposition to the Ombudsman

Next Article

Council of Ministers approves a new series of housing measures