SA's trade ties with Russia don’t measure up

The Citizen

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SA's trade ties with Russia don’t measure up

The historic and cordial political relations between South Africa and Russia have not translated into trade and the current import trade deficit with the Russians worries many local businesses, who wanted greener trading pastures in Russia. In 2022, South Africa imported goods worth $548 million (about R10 billion) from Russia – most of that chemicals and fertilisers – but exported just $283 million, most of which was citrus fruit. ALSO READ: …