Russia and Spain are going to increase their annual trade turnover to $10 billion, Russian President Dmitry Medvedev said on Saturday at a meeting with Spanish business elites.
At the beginning of the meeting Medvedev said that in 2010 the mutual turnover topped $7 billion, which is 40 percent higher than in 2009.
"But it yet has not reached the pre-crisis level, thus we should take measures to reach the $10 billion mark," Medvedev said. "I believe we will fill this gap which emerged as a result of the economic downturn."
Russian and Spanish companies have signed deals in oil, investment and railway spheres at the St. Petersburg International Economic Forum which is currently underway in Russia's second largest city. The total sum of the signed contracts is 800 million euros, Spanish Prime Minister Rodriguez Zapatero said.