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Russia-US trade decreases by 10 percent - Economic Development deputy minister

June 20, 2013, 17:41 UTC+3
At the Russia-U.S. round-table meeting within the St Petersburg International Economic Forum, Likhachev said the peak in trade fall on the year 2011
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Photo ITAR-TASS

Photo ITAR-TASS

ST PETERSBURG, June 20 (Itar-Tass) - Trade turnover between Russia and the U.S. has decreased by about 10 percent since 2011 “despite the intensive contacts between the companies of both countries”, Economic Development Deputy Minister Alexei Likhachev said on Thursday.

At the “Russia-U.S.” round-table meeting within the St Petersburg International Economic Forum, Likhachev said the peak in trade fall on the year 2011.

“Trade turnover with the U.S. dropped by 10 percent last year and in the first fourth months of this year,” the Russian deputy minister said.

He said Russian export “drops sharply”.

Commenting on mutual investments, Likhachev said the peak fall on 2010-2011 “moreover, the amount of investments equalled”.

“Thus, our investments in certain industries decreased,” the deputy minister said.

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