FCS: Russia’s Economy Is Recovering, Transfers to the Budget Are Growing

In the first half of the year, the Federal Customs Service (FCS) transferred 2.960 trillion rubles to the budget, which is 28% more than the forecast target, said FCS head Vladimir Bulavin at a meeting with Prime Minister Mikhail Mishustin. Fragments of the meeting were shown on the Russia 24 TV channel.

Russia will reach the level of 2019 in terms of trade turnover in 2021, which indicates an economic recovery, Bulavin said, Russian media reported.

“This year, the trade turnover in six months amounted to $ 340 billion. This is 27% more than last year. The trend is such that they began to import more machines, mechanisms, technological lines, plastic products. This indicates that the Russian economy is reviving. We believe that in terms of trade this year we will reach the level of 2019,” Bulavin emphasized.

“Today we can summarize some of the results of the first half of the year. The Federal Customs Service transferred 2.96 trillion rubles to the federal budget, which is 28%, or 652 billion rubles more than the forecast task, which was brought to us within the framework of the law,” said Bulavin.

China ranks first among the main trade partners of Russia. This is followed by Germany, the Netherlands, Belarus, and the United States, Bulavin concluded.