Prikhodko: the volume of trade of the Russian Federation and Luxembourg reached a ten-year maximum

"In recent years, there has been a steady increase in bilateral trade. While with many European countries there is only a recovery, then, according to Russian statistics, in absolute terms trade with Luxembourg for 2018 reached its ten-year maximum," Prikhodko said. According to him, in comparison with 2017, the trade turnover of the two states last year grew by 23.4% and amounted to $ 267.1 million.

According to the representative of the Cabinet of Ministers of the Russian Federation, according to the Central Bank, in mid-2018 the amount of accumulated direct Luxembourg investments in Russia amounted to $ 19.6 billion, according to this indicator the Grand Duchy occupies one of the leading places in Europe and the world. Prikhodko stressed that a number of large Luxembourg companies with many years of successful experience in Russia "did not abandon their development programs even at difficult times for the Russian economy."

The first deputy chief of staff of the Russian Cabinet of Ministers reported that the next meeting of the Mixed Commission on Economic Cooperation between the Russian Federation and the Belgian-Luxembourg Economic Union is scheduled in Luxembourg for 2020 (the previous meeting was held on February 14, 2018 in Moscow).

"There are prospects for further development of relations in the financial sector, in transport logistics. One of the new trends is increasing interaction in the innovation sphere," Prikhodko continued, pointing out also the traditional areas of cooperation between Russia and Luxembourg, metallurgy, the production of high-tech glass and modern batteries .

Source: https://tass.ru