Russia’s foreign trade surplus grew 12 percent year-on-year in January-June 2012 to $115.9 billion© RIA Novosti. Ruslan Krivobok
MOSCOW, August 9 (RIA Novosti)
Russia’s foreign trade surplus grew 12 percent year-on-year in January-June 2012 to $115.9 billion, the Federal Customs Service reported on Thursday.
“The foreign trade balance was positive at $115.9 billion or $12.6 billion up on January-June 2011,” the Federal Customs Service said in a statement.
Imports into Russia grew by 3.6 percent to $145.4 billion in January-June 2012, while exports from Russia rose by 7.3 percent to $261.4 billion, increasing the country’s foreign trade turnover by 5.9 percent to $406.8 billion.
Fuel and energy products accounted for 73.4 percent of Russia’s exports to countries other than former Soviet republics in January-June 2012, compared with 73.8 percent in the same period last year.
Fuel and energy exports to former Soviet republics edged up by 1.2 percentage points to 58 percent of overall exports to those countries.
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Erdogan will continue to help consolidate Islam’s influence in public life and use Islam as a political issue. It is hard to say what Turkey will do in the Muslim world, but Erdogan obviously does not need any more turmoil in neighboring countries.