Russia and Latin America See 25% Increase in Trade Volume, Reaching $20 Billion: Vice Speaker of State Duma

Vice Speaker of the State Duma of the Russian Federation Highlights Increase in Trade Volume with Latin America

Vice Speaker of the State Duma of the Russian Federation, Alexander Zhukov, has stated that the volume of trade exchanges between Russia and Latin American countries has increased by about a quarter, reaching $20 billion.

Russia-Latin America Trade Turnover Sees Significant Growth

A Russian parliamentarian made this statement during an event held within the framework of a parliamentary conference between Russia and Latin America. He mentioned that in recent years, the volume of trade turnover between the two regions has experienced a significant increase of around 25%, now amounting to approximately $20 billion.

Highlighting the potential for economic cooperation between Russia and Latin American countries, the parliamentarian emphasized that this collaboration continues to develop. He further emphasized that the partnership between the two sides is built on the principles of mutual benefit and equality.

Shift in Global Reserves and Logistics Services

According to the parliamentarian, the world is currently undergoing a political and financial transformation, with the share of the US dollar and the euro in the reserves of many countries, including Russia and Latin American countries, declining.

Furthermore, Zhukov pointed out that the parliamentary conference will address issues related to changes in logistics services this year.

First International Parliamentary Conference “Russia – Latin America”

The Duma has initiated the first international parliamentary conference called “Russia – Latin America,” which is scheduled to take place in Moscow from September 29 to October 2 this year.


Source: Prime

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