Russian-Syrian trade grows 60 percent

July 18, 2005 at 12:02 PM
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MOSCOW, July 18 (UPI) -- Trade between Syria and Russia grew 60 percent last year to $311 million, the Kremlin's Novosti media group said Monday.

The 60-percent increase reflects growth in energy and transport sector trade, said Russian Regional Development Minister Vladimir Yakovlev, a co-chairman of the Russian-Syrian intergovernmental commission.

"The countries continue cooperating in the energy sector, the transport sector and other spheres," he said. "Russian companies are actively involved in tenders, but they are not satisfied with these volumes."

"We regard Syria as a major trade and economic partner in the Middle East," he said.

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