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20 February 2015

Who will be next to finance Russian exports?

Director at Intertrade Dynamics
The Russian economy depends on exports of natural resources and commodities. The Federal Statistics Service reports that these accounted for half a trillion dollars in 2013, or 93% of all export revenues. Oil, gas, and petroleum products fetched $377 billion followed by metals ($55 billion), chemicals ($31 billion), and agricultural products ($16 billion). European banks financed the bulk of these trade flows.

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