BCN-42 Russian government plans to increase non-resource exports by 9.4% annually till 2024

219

ZCZC

BCN-42

RUSSIA-NON-RESOURCE-EXPORT

Russian government plans to increase non-resource exports by 9.4% annually
till 2024

MOSCOW, September 27. (BSS/TASS) – Russia’s government plans to increase
non-resource exports by 9.4% a year to bring them to a sum of 250 billion US
dollars by 2024, according to the guidelines for the government’s activities
till the year 2024.

“It is planned to reach the following indices by 2024: exports of non-
resource non-energy commodity and services – 250 billion US dollars (up by
86.2% over seven years, or an annual growth of 9.4%),” the document says.

The share of exports of processing and agricultural sector products and
services is to go up to 20% of GDP by 2024. Thus, machine-building exports
are to amount to 60 billion US dollars (up by 77% in seven years, or by 8.6%
a year), exports of the automotive sector are to reach 7.5 billion US dollars
(up by 74.4% on the 2017 figure of 4.3 billion US dollars), exports of civil
aircraft-building products are to amount to 4.42 billion US dollars (up by
more than nine times from 0.5 billion US dollars).

BSS/TASS/HR/1430