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Home International Customs

Russia imports down 36.9% in first 2 months of 2015: Customs service

byCustoms Today Report
07/03/2015
in International Customs
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MOSCOW: The customs service said that Russian imports were valued at $28.98 billion, down 36.9 percent in first two months, January and February of 2015.

Imports into Russia this year have fallen by more than a third as the country struggles with the low value of the ruble and a predicted recession.

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The valuation does not include imports from the Commonwealth of Independent States, an organization covering most former Soviet countries, which are counted separately and for which data for February is not yet available.

Imports have become more expensive for Russian individuals and companies because the ruble has lost almost half its value against the dollar since the start of 2014 against the backdrop of low oil prices and political turbulence.

Tags: Customs Servicedown 36.9 percent in first two monthsRussian importsvalued at $28.98 billion

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