Trade between Brazil and Russia could reach $10 billion by the end of the year

He said this at the international forum "Russian Industrialist".

“By the New Year there may be $10 billion. This is a forecast.

It is quite possible, maybe $10 billion. Brazil buys much more fertilizer and fuel.

And it also exports a lot of soybeans, in addition, it exports equipment for Russia and sugar, ”TASS quotes him.

He noted that since the beginning of 2022, the volume of trade between the Brazilian and Russian sides has increased by 7% and now stands at about $8 billion.

It is clarified that the growth in trade is ensured by increasing exports and imports of traditional trade groups of the two countries - fertilizers and agricultural products.

In particular, Brazilian producers plan to increase beef supplies to Russia.

Earlier it was reported that over the ten months of 2022, Russian-Chinese trade grew by a third and approached $154 billion for the first time in history.