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    Russia's foreign trade down 45% to $277 bln in January-August

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    Russia's foreign trade declined 45% year-on-year in January-August to $277 billion, the Federal Customs Service reported on Tuesday.

    MOSCOW, October 6 (RIA Novosti) - Russia's foreign trade declined 45% year-on-year in January-August to $277 billion, the Federal Customs Service reported on Tuesday.

    Trade with other post-Soviet CIS countries declined 46.2% to $40.8 billion, and foreign trade with non-CIS countries shrank 44.8% to $236.2 billion in the reporting period, the service said.

    Russia's foreign trade balance declined by $72 billion year-on-year in January-August 2009, but remained positive at $78.5 billion, the statement said.

    The foreign trade surplus was $63.3 billion with non-CIS countries (a decrease of $63 billion) and $15.2 billion with CIS countries (down $9 billion).

     

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