As global supply chains and trade recover from the pandemic, Russia is planning to expand both exports and imports in 2021 and beyond, a new forecast from the Ministry of Economic Development shows. According to the ministry’s outlook for Russia’s socio-economic development, seen by TASS news agency, outbound shipments of goods from the county are set to reach $411.7 billion this year. This is a 23.9% increase compared to 2020 when exports stood at $332.2 billion. Russia is also set to boost imports this year. The document forecasts that they will rise by more than 10% to $265 billion, up from $240.4 billion last year.
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