Russia ramps up trade with Africa and Asia – customs data ...News

Moscow has been diversifying economic cooperation in light of Western sanctions Russia’s economic cooperation with Asian and African countries has continued to grow while trade with the European Union has declined, according to the latest report by the Federal Customs Service (FCS). Data released this week showed exports to Asia jumped to $226.6 billion in the first nine months of the year, up by 10% from the same period of 2022. Exports to Africa surged by over 50% to $15.6 billion in January-September, compared with $10.1 billion one year ago. Russian imports from the two regions also increased, amounting to $14

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