Israel’s trade with Russia leaps by 25 percent

Trade between Israel and Russia has grown this year by 25 percent, officials from both countries revealed, amid complications with other Russian trading partners.

The first six months of 2017 saw increased trade between the nations of about $380 million over the corresponding period last year.

Russia’s trade with the European Union and the United States has also suffered due to sanctions imposed by the West over its invasion of Ukraine in 2014 and annexation of land.

During that period, Russia’s relations with Israel, which have remained neutral both on the Syrian issue and Ukraine, have noticeably improved, with Prime Minister Benjamin Netanyahu travelling to Moscow at least five times in the space of one year.

The strengthening of the rouble, which had lost half its value against the dollar due to dropping oil prices, has also helped Russia’s ability to conduct international trade.

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