Russia boosts imports from ASEAN countries by 70% over 10 years

Russia-ASEAN Summit - 2026Russia boosts imports from ASEAN countries by 70% over 10 years Russian Economic Development Minister Maxim Reshetnikov also noted that trade turnover between Russia and ASEAN countries has increased by 53% over the past decade, reaching $21 blnKAZAN, June 17. /TASS/. Russia has increased the volume of imports from ASEAN countries by 70% over the past decade, Russian Economic Development Minister Maxim Reshetnikov said at the plenary session of the Russia-ASEAN Business Forum. "Over the past ten years, we have increased imports from ASEAN countries by 70%. We actively purchase agricultural raw materials, machinery, equipment, vehicles, chemical products, textiles, clothing, and footwear," he said. The Russian economic development minister also noted that trade turnover between Russia and ASEAN countries has increased by 53% over the past decade, reaching $21 bln. "These results are all the more valuable because we have achieved them under challenging conditions. Global changes, high uncertainty, and the erosion of the fundamental principles of the World Trade Organization all create challenges," Reshetnikov said. According to the minister, Russia, like ASEAN countries, continues to operate in accordance with the multilateral rules of the World Trade Organization. "We do not use instruments of hidden protectionism, whether through the climate agenda or any other mechanisms that restrict access to technology and competition," he stressed. TASS is the information partner of the Russia-ASEAN Business Forum. 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