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Trade turnover between Russia, Finland down 20% in 2016

November 23, 2016, 17:50 UTC+3 MOSCOW

At the same time, the volumes of exports and imports between the two countries have been on the rise, Russia’s Deputy Prime Minister Dmitry Kozak said

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MOSCOW, November 23. /TASS/. The trade turnover between Russia and Finland amounted to $6.2 bln in January-September period of 2016, a 20% decrease year-on-year, Russia’s Deputy Prime Minister Dmitry Kozak said at the 14th meeting of the Russian-Finnish intergovernmental economic cooperation commission on Wednesday.

"The trade turnover between Russia and Finland in January-September period of 2016 amounted to $6.2 bln, which is a 20% decrease compared with the same period of 2015," he said.

According to Kozak, who is Russia’s co-chairman of the commission, the oil price downturn has pushed down the trade between the countries.

Meanwhile, he added, the volumes of exports and imports between Russia and Finland have been on the rise, despite the fall of trade in money terms. "In money terms the trade turnover substantially dropped in 2014 and 2015, while in physical terms exports and imports have even started rising this year, exports from Russia have grown by almost 3% and imports from Finland - by almost 10%," he said.

Summing up the results of the meeting, Dmitry Kozak said, that "the Russian and the Finnish sides have confirmed that they have been and are still strategic partners regardless of external factors, related both to Russia and Finland.".

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