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Moscow-EU trade turnover grew by almost 1.5 times

Moscow-EU trade turnover grew by almost 1.5 times

The trade turnover between Moscow and the European Union in the first nine months of 2021 increased almost 1.5 times, up to 95.61 billion dollars, compared to the same period in 2020, said Deputy Mayor of the Russian capital Vladimir Yefimov.

"If we turn to the indicators of the last two years, we see a very good trend. The volume of trade turnover between the capital and the EU for the same period in 2019 is 94.42 billion dollars, and for 2020 - 65.22 billion dollars," he said, adding that by the end of 2021, the figures should exceed pre-crisis values.

Today Moscow accounts for almost half of the Russian trade turnover with Europe, said Alexander Prokhorov, the head of the Department of Investment and Industrial Policy of Moscow. In comparison with the first nine months in 2019 and 2020, the dynamics of the capital goods turnover was positive, and sales increased by 1,3% and 46,6% respectively.