The funding strengthened relations between Russia and Bahrain

Russia – Throughout his assembly with the King of Bahrain, Hamad bin Isa Al Khalifa, in Moscow yesterday, Russian President Vladimir Putin praised the constructive development within the improvement of commerce cooperation between Russia and Bahrain.

Putin stated: “Sadly, the extent of commerce relations remains to be symbolic, however the route these relations are taking is sweet,” noting that the extent of funding cooperation between the 2 international locations is healthier than the extent of intra-trade.

Relations between Moscow, Manama, and the Gulf states are witnessing an upward development within the political and financial fields. The assembly between the Russian President and the King of Bahrain is the third assembly between Putin and a Gulf chief in the course of the previous six months.

Investments…probably the most distinguished areas of cooperation between Moscow and Manama

Investments occupy a big area in relations between the 2 international locations. In 2014, the Russian Direct Funding Fund concluded a 10-year cooperation settlement with “Mumtalakat”, the sovereign wealth fund of the Kingdom of Bahrain.

Throughout these years, the “Mumtalakat” Fund invested regarding $250 million in 20 Russian initiatives in retail commerce, business actual property, mining, and logistics companies.

The quantity of commerce trade between Russia and Bahrain in 2022 reached roughly $18.1 million, in keeping with Russian customs knowledge.

The stability of commerce is in favor of Moscow, with Russia’s exports to Bahrain amounting to $13 million, in comparison with imports price $5.1 million. Probably the most distinguished Russian exports are meat merchandise (27.6%), rolled pipes and tubes (23.9%), petroleum merchandise (13.9%), and coal (9.7%). ).

Bahrain’s most distinguished exports to Russia included chemical merchandise (48.4%), rolled aluminum (17.7%), perfumes (13.4%), and plastic merchandise (10.5%).

Tourism between Russia and Bahrain may even enhance by regarding 6 occasions in 2022.

Supply: RT + TASS