Turkmenistan's export to Russia multiplies over several years

Turkmenistan Materials 13 October 2021 21:00 (UTC +04:00)
Turkmenistan's export to Russia multiplies over several years

BAKU, Azerbaijan, Oct. 13


Turkmenistan increased its exports to Russia by 339.7 percent from 2015 to 2020, according to a study of the processes of international regionalization of the Institute of Economics of the Russian Academy of Sciences. Trend reports with reference to the Turkmen media.

In 2015, Turkmenistan supplied products to Russia for $73 million, while in 2020 this amount reached 321 million. Imports of Turkmenistan from Russia over the same period decreased by 27.7 percent.

According to the latest data, which were announced during a telephone conversation between President of Turkmenistan Gurbanguly Berdimuhamedov and President of Russia Vladimir Putin, Turkmen-Russian trade turnover for the first 8 months of 2021 increased by 12.5 percent ​​compared to the same period in 2020, and the volume of mutual trade reached $1.86 billion.

In April 2019, Russia resumed purchases of Turkmen gas. Later, Gazprom signed a contract with Turkmengaz for the import of blue fuel. Until 2024, the Russian company will buy from Turkmenistan about 5.5 million cubic meters of natural gas per year.

Businessmen of Turkmenistan successfully supply agricultural products to Russia. For example, a significant share of the tomatoes exported by the private sector is sent to Russia.