The exodus of Western firms could further boost Moscow’s economic cooperation with the region, Maksim Reshetnikov has said
Trade turnover between Russia and the countries of the Middle East and North Africa (MENA) has been steadily growing and has now reached $95 billion, according to Economic Development Minister Maksim Reshetnikov.
Speaking at the Annual Investment Meeting in Abu Dhabi this week, Reshetnikov stated that Russia was ready to develop partnerships both on a bilateral basis and within the framework of the Organization of Islamic Cooperation, noting that a solid base has already been created for such cooperation.
“Over the past five years, Russia’s trade with the MENA countries has grown by 83%. Our partners understand that the vacated niches in the Russian market are new opportunities for their business,” the minister pointed out.
In March, the head of the Department for Economic Cooperation at Russia’s Foreign Ministry,…