Page 56 - Russia OUTLOOK 2024

goods from the EU can be delivered to the Russian Federation through third countries.
The share of non-resource non-energy goods in Russian exports reached 84% compared with 67% in 2021, Russia’s First Deputy Prime Minister Andrey Belousov said on December 21.
"The growth in physical volumes of non-resource, non-energy exports to the markets of friendly countries amounted to over 20% by 2021 and their share in Russian exports reached 84% against 67% in 2021," he said.
According to the KSE updated forecast, oil and gas exports will reach $225bn in 2023, $186bn in 2024 and $176bn in 2025.
At the same time, he noted that the share of imports from unfriendly countries to Russia decreased to 29% in 2023 in comparison with 35% in 2022. "Limiting Russia’s supply of imported goods was one of the goals in order to destabilise the socio-economic situation in our country. Taking into account the fact that in 2021 unfriendly countries accounted for about 50% of all imports, this was extremely dangerous. But already in 2022, the share of imports from unfriendly countries decreased to 35% and to 29% in 2023," he said.
Belousov added that the total volume of imports has already exceeded the figures for 2021 and has grown to around $300bn. Belousov clarified that this was reached by launching a parallel import mechanism, through which necessary goods worth more than $70bn were imported into the country.
The share of settlements in rubles and friendly currencies in 2023 increased to 65%, he said. "In 2023, the total share of the ruble and the national currencies of friendly countries will be 65% in payments for the export and import of goods and services. For comparison, in 2021 it was only 22%," Belousov noted.
The share of imports from unfriendly countries to Russia decreased to 29% in 2023 in comparison with 35% in 2022, Belousov said.
"Limiting Russia’s supply of imported goods was one of the goals in order to destabilise the socio-economic situation in our country. Taking into account the fact that in 2021 unfriendly countries accounted for about 50% of all imports, this was extremely dangerous. But already in 2022, the share of imports from unfriendly countries decreased to 35% and to 29% in 2023," he said.
At the same time, Belousov noted that the total volume of imports has already exceeded the figures for 2021 and has grown to around $300bn. Belousov clarified that this was reached by launching a parallel import mechanism, through which necessary goods worth more than $70bn were imported into the country.
56 Russia OUTLOOK 2024 www.intellinews.com