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Volume of Russia-Greece trade down 16% in 2016 — presidential aide

May 26, 18:54 UTC+3 MOSCOW
In January-March volume of trade between Russia and Greece declined by 16%, thus, Russia moved to third place from the position of the largest trading partner of Greece
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© EPA/PATRICK SEEGER

MOSCOW, May 26. /TASS/. The volume of trade between Russia and Greece fell by 16% in January-March 2016, Presidential Aide Yuri Ushakov told reporters on Thursday.

"This year, there is a decline in proceeds, in January - March volume of trade declined by 16%. Thus, Russia moved to third place from the position of the largest trading partner of Greece," Ushakov said.

Ushakov said that during the working visit of the Russian President Vladimir Putin to Greece the parties intend to discuss trade and economic partnership between the two countries, as under the influence of external factors volume of trade between Russia and Greece have been declining.

Thus, according to Ushakov, in 2015 the trade turnover between Russia and Greece amounted to $2.75 bln, which is 34% lower than in 2014. The decrease in volume of trade between the two countries, according to the Presidential Aide, was influenced by including currency fluctuations and decline in commodity prices, as 85% of Russian exports to Greece accounts for oil and natural gas.

"There will be a serious discussion of this issue, as well as of opportunities for growth of investment exchange," Ushakov said.

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