Russia intends to increase non-energy exports focusing on neutral countries

Business & Economy March 31, 2023, 19:22

At the same time, Russia will contribute to the adaptation of the global trade and monetary and financial systems to the realities of the multipolar world and the consequences of the economic globalization crisis

MOSCOW, March 31. /TASS/. Russia will seek to increase non-energy exports focusing on states pursuing a neutral policy, according to the new Foreign Policy Concept of the Russian Federation, approved on Friday by decree of President Vladimir Putin.

The text of the document, in particular, states that the Russian Federation will pay attention to "enhancing the Russian presence on the world markets, increasing the non-resource based, non-energy export; to the geographic diversification of economic ties in order to re-direct them to the states that pursue a constructive and neutral policy towards the Russian Federation, while remaining to be open to the pragmatic cooperation with the business circles of the unfriendly states."

At the same time, Russia will contribute to the adaptation of the global trade and monetary and financial systems to the realities of the multipolar world and the consequences of the economic globalization crisis.

According to the statement, Russia is going to "accommodating the world trade and monetary and financial systems taking into account the realities of the multipolar world and consequences of the crisis of economic globalization, first and foremost with a view of narrowing the possibilities for the unfriendly states to excessively use their monopolistic or dominant stand in certain spheres of the world economy, and enhancing the participation of the developing countries in the global economic management.".

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