Russia’s trade with BRICS countries increased 6,3% in five months

The Minister of Industry and Trade of Russia, Anton Alijanov, reported that his country’s trade with the States that make up the Brics group increased by 6,3% in the first five months of 2024 compared to last year.

During a meeting of industry ministers of the group, the official explained that in 2023 “we will increase trade with the countries of the Brics by 28%, bringing us closer to 300.000 million dollars.”

“We see continued growth in the first five months of this year, as (trade) increased 6,3% so far this year,” he detailed, quoted by local media.

Alijanov added that the 2023 figures do not include the new members of the Brics who joined in 2024.

The minister indicated that they hope that the positive dynamic will be maintained and that they have “conditions for this”, ensuring that “it is obvious that it is the result of a great reorientation of our trade flows, exports and imports.”

Alijanov highlighted the support from the Brics colleagues, “that is why last year we achieved a record growth of 28%.”

“It is evident that the base has grown substantially, but, nevertheless, the positive trend persists,” reiterated the minister, who plans to hold meetings with representatives of China, Ethiopia and Brazil.

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2024-08-20 09:11:43

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