A nearly 7% decline has been recorded since the beginning of the year in annual terms, customs data shows Russian imports have slowed in the first 2.5 months of the year, decreasing by 6-7% when compared to the same period of 2023, the Federal Customs Service (FCS) has revealed. According to Ruslan Davydov, the acting head of the FCS, the dynamics of imports in the first quarter largely depend on the date of the Chinese New Year. The Asian country’s holiday season usually affects business activity and international trade. “It will be possible to talk about clearer trends in this year’s imports by the end of May,”
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