22:50 GMT +325 February 2018
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    Russia Becomes Major Market for Ecuador - President Correa

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    The Russian market has become one of the main non-oil markets for Ecuador, the South-American country's President Rafael Correa told Sputnik.

    QUITO (Sputnik) — The trade relations between Ecuador and Russia are expanding despite lack of large investments, Ecuadorian President Rafael Correa told Sputnik, calling for joint funding of bilateral projects.

    "The Russian market has become one of the largest non-oil markets for the country [Ecuador], especially regarding bananas and flowers. We have a positive trade balance with Russian. We import raw agricultural materials and some other goods from Russia," Correa said, adding that there are no large Russian investments to Ecuador.

    He stressed the need to develop bilateral ties in the field of funding of various projects.

    Ecuadorian President slammed US-EU sanctions against Russia, stating that his country would never support sanctions imposed unilaterally.

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    investment, trade, sanctions, Rafael Correa, Russia, Ecuador
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