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Russia, Finland to resume normal trade relations in 7-8 years — trade representative

The trade turnover between the two neighboring states will stand at $10.2 bln this year

HELSINKI, October 30. /TASS/. The trade and economic relations between Russia and Finland may be resumed by around 2022-2023, Russian trade representative in the country Valery Shlyamin told TASS on Friday.

The trade turnover between the two neighboring states will stand at $10.2 bln this year, Shlyamin said.

«Total trade between Russia and Finland decreased by 14.7% in 2014, according to the data provided by Russian customs services. In January-August 2015, it equaled to $6.5 bln, a 42.5% decrease year-on-year. Russian export totaled $4.8 bln, a 41.3% decrease while import stood at $1.8 bln, a 45.6% decrease,» he said, adding that «in 2015, Russian export is expected to reach $7.5 bln while import will stand at $2.7 bln.»

Shlyamin also said that this year the trajectory of trade turnover dynamics between the two countries reached its lowest point.

Experts at Russia’s trade representation in Finland expect «a sustainable trend towards restoration of trade relations within the nearest 5 years.»

«However, unfortunately, the trade turnover in 2020 will be a far cry from 2013 mainly due to $50 per barrel oil price keeping for a long period of time. Given a combination of factors, which influence the development of our trade relations, in a foreseeable future we’ll be able to reach the previous level of trade turnover by around 2022-2023,» Shlyamin said.

He added that commodities — energy resources, wood and some others — will still account for the bulk of Russian exports to Finland /over 60%/ while their share in Russia’s export structure will decline.

Источник: tass.ru

Italy ready to back enterprises cooperating with Russia — Economic Development Minister

The country’s government is ready to contribute to exchange of technologies between Russian and Italian companies as well as import substitution operations in Russia

VERONA, October 23. /TASS/. Italy is ready to back enterprises, which cooperate with Russia, the country’s Economic Development Minister Federica Guidi said on Friday on the sidelines of an economic forum in Verona bringing together politicians and business executives of Russia and Italy.

«Italy is ready to back enterprises, which are cooperating with Russia,» she said, adding that the country’s government is ready to contribute to exchange of technologies between Russian and Italian companies as well as import substitution operations in Russia.

Guidi also called for focusing on cooperation in the sectors, which are not under sanctions.

Italy will work to see sanctions lifted from Russia

Italy observes the sanctions the European Union imposed against Russia, but it will work to see the sanctions lifted, Italian Minister of Economic Development Frederica Guidi said.

«Of course, we will be observing the sanctions, but we are not just partner countries, we are the countries that have a long history of friendship to share. We will continue working to see the sanctions regime abolished,» Guidi told reporters.

«Italy is interested to see the situation with sanctions [against Russia] settled as soon as possible. We hope a diplomatic dialogue will continue, the Russian market is extremely important for a number of our industrial sectors, we want to get back to the development of partnership,» the minister told the forum.

«We continue active cooperation in the spheres not affected by sanctions, which is a positive moment,» she continued.

The sanctions blocked financing of certain investment projects and were hitting the agricultural sector (because of the Russian food embargo), the minister said.

«We had to pay a political and economic price for the sanctions,» Guidi said. «The only way to overcome this situation is to create conditions for a growth in those sectors that are not covered by the sanctions,» the minister said.

For incorporation of Crimea after last year’s coup in Ukraine, Russia came under sanctions on the part of the United States and many European countries. The restrictive measures were soon intensified following Western and Ukrainian claims that Russia supported militias in self-proclaimed republics in Ukraine’s southeast and was involved in destabilization of Ukraine.

As countermeasures, Russia imposed on August 6, 2014 a one-year ban on imports of beef, pork, poultry, fish, cheeses, fruit, vegetables and dairy products from Australia, Canada, the European Union, the United States and Norway.

Источник: tass.ru

Volume of trade between Russia and Japan down by 38% in 10 months 2015

The volume decreased due to the fall of the ruble and oil prices, Japanese Ministry of Finance told TASS

TOKYO, November 19. /TASS/. The volume of trade between Japan and Russia in 10 months of 2015 in dollar terms decreased by 38% due to the fall of the ruble and oil prices, Japanese Ministry of Finance told TASS Thursday.

Trade turnover between Russia and Japan in the reporting period amounted to a little over $17.7 bln. In the first 10 months of 2014, the bilateral trade volume reached nearly $28.3 bln.

Just like before, about 70% of the Russian export includes energy sources with considerably smaller prices. In October, for example, Japan has paid 33% less for energy sour than a year ago. In October, revenue from the supply of Japanese cars to Russia has also fallen by the same amounts due to reduced demand in Russia.

At the same time, the trade balance in 10 months was in favor of Russia in the amount of nearly $9 bln.

Источник: tass.ru

Russia, China to sign agreement on transport corridors

The Primorye-1 transport corridor will link the Chinese border city of Suifenhe, the Grodekovo railway station, the border region of Primorye and the ports in the east of the region

VLADIVOSTOK, November 23. /TASS/. Russia and China are planning to sign an agreement next month on the development of transport corridors linking China’s northeast with the ports of the Russian Far East, primarily Primorye (Maritime Territory), Minister for the Development of the Russian Far East Alexander Galushka told reporters on Monday.

«Last week I held talks with the leaders of the National Development and Reform Commission, during which we agreed to sign an agreement on cooperation in developing the transport corridors linking China’s northeast with the Russian Far East ports, primarily in Primorye,» the minister said.

«It is planned to sign such an agreement in December during the visit of the Chinese prime minister,» Galushka said, adding that «next week the ministry would sum up the results of the contest on shaping the model of the developing the transport corridors from China’s northeastern provinces to the Russian Far East ports.»

According to Galushka, the volume of external trade between Russia’s Primorye and China’s Heilongjiang province via Primorye-1 transport corridor will top around 80 mln tons of cargoes per year by 2025, including grain, containers and more, while the volume of external trade with Jilin province and domestic traffic in the Zarubino port via Primorye-1 corridor will reach around 90 mln tons per year within 10 years.

The Primorye-1 transport corridor will link the Chinese border city of Suifenhe, the Grodekovo railway station, the border region of Primorye and the ports in the east of the region. Along this corridor cargo from Chinese provinces may follow via the shortest route to the Asia-Pacific region through Russian ports in the east of Primorye.

The Primorye-2 transport corridor will link the ports in the southwest of Primorye — Posiet, Zarubino and Slavyanka with China’s provinces, which will make it possible to deliver cargo from China’s northeastern territories to the country’s southeastern provinces and also to the Asia-Pacific region and in the reverse direction. Currently, the Summa group of companies and a number of Chinese companies are involved in the implementation of the project.

According to expert estimates, the implementation of the Primorye-1 and Primorye-2 projects will require investment worth more than 200 billion rubles ($3 billion).

Источник: tass.ru

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