US/World News

Israel-Russia trade leaps by 25%

(JTA) – Trade between Russia and Israel 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. Zeev Elkin, the Israeli Cabinet minister responsible for environmental protection and issues connected with Jerusalem, announced the figures earlier this week at a conference in Moscow about Russian-Israeli relations. Temur Ben Yehuda, chairman of the Israeli Russian Business Council which co-sponsored the Moscow conference, said, “We are not only conducting dialogue on increasing trade, we are also signing major agreements between Israeli and Russian firms, including Watergen, Assuta and many others,” he said.

The increase comes amid tightening cooperation between Israel and Russia on security issues connected with Syria, where the Russian government is engaged in propping up the beleaguered regime of the country’s president, Bashar Assad. Its involvement in Syria has complicated Russia’s relations with Turkey, which has aided some forces fighting Assad in Syria’s civil war dating to 2011, and soured trade between those nations. 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 Israeli Prime Minister Benjamin Netanyahu traveling to Moscow at least five times in the space of one year.

Couple arrested in Brooklyn for accusing Chassidim of spreading coronavirus
Chinese to invest up to $50 billion in Israeli start-ups
Brother of Brussels bomber won a taekwondo championship in Israel

Leave Your Reply