Friday, December 05, 2025
name of Prensa Latina
Bandera inglesa
English Edition
Search
Close this search box.
name of Prensa Latina

NEWS

NEWS

Russia’s trade with Arab world could reach high levels

Moscow, Oct 18 (Prensa Latina) Trade between Russia and Arab countries currently stands at 34 billion dollars, with the potential to reach 50 billion dollars, Sergey Gorkov, Chairman of the Russian-Arab Business Council, stated on Saturday.

“If we are talking about the 22 member countries that are members of the Arab League (AL), trade turnover in 2024 reached approximately 34 billion dollars, but there is a potential to reach 50 billion dollars and more,” Gorkov told Sputnik.

The official added that, despite payment restrictions, trade has grown between five percent and 10 percent over the last year.

He also noted that Russian products, including food, other items, and technology, are in growing demand in Arab markets.

iff/mem/gfa

LATEST NEWS
RELATED