Inspired by higher coal prices, Russian companies increased both production and export last year in order to gain additional market shares in Europe and Asia. Oil and gas production also showed considerable growth last year, but in 2019 crude production can be lower than originally planned due to the adoption of new cuts.
Volume of non-resource shipments from Russia is going to set a new record by the end of the current year, hitting $147 billion, Andrey Slepnev, Chief Executive of the Russian Export Center said on Friday.
A rise in Russian wheat export prices stalled at the end of last week after Russia's agriculture ministry increased its forecast for 2018/19 grain exports, an analyst said on Monday.
Russian business lobbying groups, together with about 40 business and industry heads, have shown interest in exporting their products to markets in Africa but found it difficult to access facilitation procedures in some of the countries.
Syria’s largest pharmaceutical company intends to export its goods to Russia, Iraq, Jordan, Lebanon, Sudan, Mauritania and Yemen.
China remains the top importer of Russian food products this year, according to one expert on Tuesday.