Russian trade envoy: Trade between Russia, France to return to pre-crisis levels soon

Russian trade envoy: Trade between Russia, France to return to pre-crisis levels soon
  • Clock-gray 13:05
  • calendar-gray 16 August 2019

Trade between Russia and France in the past three years has shown a steady growth, giving rise to the possibility that trade will return to pre-crisis levels in the coming years, Russia's new trade representative in France, Mikhail Makarov, said, APA reports citing Sputnik.

"After the peak in 2011 ($28.1 billion), trade turnover between Russia and France underwent a significant decrease (by 48 percent in 2012-2015). However, over the past three years, trade has shown a steady growth," the trade representative said.

According to Makarov, the results for 2018 demonstrated an 11.2 percent increase, amounting to $17.2 billion.

"We have every reason to believe that by the end of 2019 the trade growth will continue ... And I’m absolutely sure that in the coming years we will be able to return to the pre-crisis level of trade," the official stressed.

Makarov added that the 31.1 percent growth of Russian exports, or $7.6 billion, last year, was an especially important indicator.

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