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Russia’s foreign trade deficit falls 20% to $4.1 bln in Jan

Russia’s foreign trade deficit falls 20% to $4.1 bln in Jan

MOSCOW: Federal Customs Service of Russia reported that Russia’s foreign trade deficit has fallen 20.1 percent to $4.1 billion in January 2015, year on year drop of $16.3 billion.

Russia’s foreign trade declined by 33.9% in January as compared to the same month of the previous year to $39 billion, the customs data suggested.

Russia’s exports fell by 30.3% in January 2015 to $27.6 billion and imports were down by 41% to $11.4 billion.