Over the past year, the trade turnover between Russia and the United Arab Emirates increased by 68%, said the head of the Ministry of Industry and Trade Denis Manturov.

Trade turnover between Russia and the United Arab Emirates hit all-time highs in 2022

The minister said that in 2022, the trade turnover between the two countries reached 9 billion US dollars, a record figure in the entire history of trade relations between Russia and the United Arab Emirates.

Thus, the total volume of exports to the Emirates from Russia increased to $8.5 billion, 71% more than in 2021. At the same time, imports grew by 6%, to $500 million.

“The UAE has retained its first place among the countries of the Arab world in terms of trade with the Russian Federation,” Manturov was quoted as saying by RIA Novosti.

According to the head of the department, cooperation continues to develop actively.

Previously, the first establishment of the Russian chain Dodo Pizza was inaugurated in Dubai. In the first weeks of operation, the restaurant’s menu was replenished with pizza, the recipe of which helped create ChatGPT.

Also, according to Arabian Business, the founder of VKontakte and Telegram Pavel Durov became the most influential person in Dubai.

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Author:

Natalia Gormaleva

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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