Russia’s foreign trade turnover in January decreased by 12.8% on an annual basis to 48.7 billion dollars. reports Federal Customs Service (FCS).
While export volume decreased by 14.2% annually to 28.7 billion dollars in January, mineral products were mostly exported from the country. Their share constituted 61.2% of total exports. The Russian Federation also actively sells food products and raw materials for their production (10.4%).
While imports fell by 10.6% to 20 billion dollars during the period, Russia purchased a large amount of machinery, equipment and other goods from abroad (50.2% of the total supply share). Chemical industry products account for 19.5%, and food products and raw materials used for their production account for 13%.
Asian countries remain Russia’s key partners. They accounted for 74% of trade turnover.
Other day recognizedGermany is one of Russia’s three main trading partners in Europe.
Formerly European Parliament hardened Punishment for exceeding the sanctions regime against Russia.