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Bilateral trade between Russia & Netherlands rebounds from post-pandemic lows | Bilateral trade between Russia & Netherlands rebounds from post-pandemic lows |
(about 2 months later) | |
Trade turnover between Russia and the Netherlands saw a year-on-year surge of 23% from January through May 2021, according to the Russian ambassador to the Netherlands Alexander Shulgin. | Trade turnover between Russia and the Netherlands saw a year-on-year surge of 23% from January through May 2021, according to the Russian ambassador to the Netherlands Alexander Shulgin. |
“The Netherlands, along with Germany and China, are traditionally among Russia’s three major trading partners,” the ambassador said. | “The Netherlands, along with Germany and China, are traditionally among Russia’s three major trading partners,” the ambassador said. |
According to Shulgin, trade turnover between the two nations dropped 41.6% to $28.6 billion during the pandemic-hit 2020. | According to Shulgin, trade turnover between the two nations dropped 41.6% to $28.6 billion during the pandemic-hit 2020. |
“Last year, Russian exports to the Netherlands fell by 44.6%, from $44.7 billion to $24.8 billion, while imports to Russia saw a modest decrease by 5.7%, from $4 billion to $3.7 billion,” the top diplomat said. | “Last year, Russian exports to the Netherlands fell by 44.6%, from $44.7 billion to $24.8 billion, while imports to Russia saw a modest decrease by 5.7%, from $4 billion to $3.7 billion,” the top diplomat said. |
He added that the Netherlands remains the leader in terms of investment cooperation with Russia. | He added that the Netherlands remains the leader in terms of investment cooperation with Russia. |
“The volume of direct investments from the Netherlands to Russia totaled $46.7 billion as of January 1, 2021, while investments from Russia to the Netherlands amounted to $33.8 billion,” Shulgin said, citing Russian central bank data. | “The volume of direct investments from the Netherlands to Russia totaled $46.7 billion as of January 1, 2021, while investments from Russia to the Netherlands amounted to $33.8 billion,” Shulgin said, citing Russian central bank data. |
He also said that major cooperative projects for production and liquefaction of natural gas, as well as projects focused on renewable energy sources, are being successfully implemented. | He also said that major cooperative projects for production and liquefaction of natural gas, as well as projects focused on renewable energy sources, are being successfully implemented. |
For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |