UAE-Russia Trade Tops US$1.5 bln mark

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UAE-Russia Trade Tops US$1.5 bln mark

UAE-Russia Trade Tops US$1.5 bln mark

In 2012 trade turnover between UAE and Russia reached US$1.5 billion. In the first six months of 2013 trade increased by 7.5 per cent and topped almost US$900 million. Last year the UAE invested US$82 million in the Russian economy, while Russia invested US$57 million. All in all, UAE has invested around US$2.2 billion in Russia.
After the recent visit by H.H. General Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi to Moscow and his meeting with Russian President Vladimir Putin, the total amount of investment is set to grow more than twofold. Abu Dhabi will invest up to US$5 billion in Russian infrastructure projects under an investment partnership signed in Russia’s capital this fall.

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