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Turnover between Russia and Republika Srpska surges 40% in two years — Minister Djokic

The Republika Srpska (Bosnia and Herzegovina) is ready to provide Russia with an opportunity of taking part in privatization of its companies

NIZHNIY NOVGOROD, March 30. /TASS/. Foreign trade turnover between Russia and Republika Srpska (Bosnia and Herzegovina) grew 40% in two years to 350 mln euro, Industry Minister of the Republika Srpska Petar Djokic told TASS on Wednesday at an international business forum in Nizhniy Novgorod.

"Foreign trade turnover between our countries amounted to 350 mln euro in 2015 and hence surged 40% in two years," Djokic said.

Energy is currently the main sphere of cooperation between two countries, the minister said. Russia’s Zarubezhneft and Gazprom are currently implementing major investment projects in the republic: the former is building Uglevik-3 CHP and the other one is involved in oil and gas exploration.

"We are interested in equipment supplies from Russia for hydropower plants. We already have a track record of successful cooperation in this field. The energy sphere is a priority for the republic: we already invested 1.5 bln euro into its development and intend to invest 6 bln euro more by 2030," Djokic said.

Republika Srpska suggests Russia takes part in privatization of its companies

The Republika Srpska (Bosnia and Herzegovina) is ready to provide Russia with an opportunity of taking part in privatization of its companies, Petar Djokic went on to say.

"We are ready to offer an opportunity to take part in privatization of certain companies that need it," Djokic said.

The government of the republic is ready for any kind of cooperation in the industry sphere, the minister said. "Depending on the interest, we may direct our businessmen to various cooperation spheres," he added.

"We may be a good bridge, through which Russia can cooperate with other countries of our region and the European Union," Djokic said.

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Trade & Cooperation

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