World Economy

Russia-Finland Trade

Russia-Finland TradeRussia-Finland Trade

Trade and economic relations between Russia and Finland may return to normal by around 2022-2023, Russian trade representative in the country Valery Shlyamin told Tass. The trade turnover between the two neighboring states will stand at $10.2 billion 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 billion, a 42.5% decrease year-on-year. Russian export totaled $4.8 billion, a 41.3% decrease while import stood at $1.8 billion, a 45.6% decrease,” he said, adding that “in 2015, Russian exports are expected to reach $7.5 billion while imports will stand at $2.7 billion.”