Trade turnover between Russia and the CIS countries grew by 7% in nine months

Between January and September, Russia’s trade with the CIS countries reached $73 billion, up 7% year-on-year, Deputy Economics Minister Dmitry Volvach said.

“The main part of the trade turnover fell on the three main partners of Russia in the CIS: Belarus – $31 billion (growth by 9%), Kazakhstan – $20 billion (+ 9%) and Uzbekistan – $6 billion (+ 36%),” he said on meeting Council for Interregional and Border Cooperation of the CIS Member States.

As Mr. Volvach clarified, there are about 400 cooperation agreements between the regions of Russia and the CIS countries. He called tourism one of the topical areas of cooperation. The Deputy Minister added that Russia and the CIS countries are also cooperating in the humanitarian sphere and in the field of education.

RBC sources reported that the Russian authorities decided to decouple trade with “friendly” countries from the dollar. Since August, Moscow and Minsk have converted the main settlements into Russian rubles. Russia also wanted to expand settlements in tenge, dram and som within the Eurasian Economic Union (EAEU).

Details – in the material “Kommersant” “The EAEU is not for sale.”

Laura Keffer


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