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Bulgaria aims to restore trade volume with Russia to pre-ban levels

Staff Writer |
The trade representative of the Russian Federation in Bulgaria, Igor Ilingin, said in Dobrich that there is interest in restoring the level of trade and economic cooperation between the two countries recorded before the imposition of sanctions against Russia.

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In 2013, the value of trade between Bulgaria and Russia reached $7 billion, but in 2015 it dropped to $3 billion. So far this year, this figure stands at about 2.5-2.7 billion dollars.

Ilingin commented that the sanctions are expected to be lifted, and that this could happen as early as next year.

According to him, Bulgarian entrepreneurs intending to export should consequently familiarise themselves with the new electronic certification system in Russia.

In this sense, Bulgaria is expecting the arrival of a delegation of Russian experts, which will evaluate the products intended for export.

According to the trade representative, Bulgarian products already have a great reputation in Russia, so no additional funds would be needed for marketing and advertising.

In any case, Igor Ilingin pointed to the need of finding new opportunities for cooperation and said that agriculture is one of the priority sectors.

"We can organise joint production of Bulgarian fruits and vegetables to be exported to Russia and processed into cans there," he said.

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