Russia’s Transkapitalbank, State Financial institution for International Financial Affairs of Turkmenistan signal deal

BAKU, Azerbaijan, April 8

By Jeila Aliyeva – Pattern:

An settlement on cooperation between the Russian Transkapitalbank and the State Financial institution for International Financial Affairs of Turkmenistan has been signed, Pattern stories just about Turkmenportal info portal.

The cooperation settlement is designed to strengthen the partnership relations of the events and determine prospects and instructions for his or her improvement.

The banks established correspondent relations in 2016, the report mentioned.

As earlier the Russian Ministry of International Affairs instructed Pattern, The constructive dynamics in Russian-Turkmen commerce continued in 2020 – the commerce turnover elevated by 39.6 %, in comparison with 2019 and reached $970.2 million (excluding Turkmen gasoline provides).

The message mentioned that the quantity of exports elevated by 19.6 % (to $649.5 million), imports – by 11.6 % (to $320.6 million).

“In 2020, Turkmenistan primarily exported metals and merchandise constructed from them; meals and agricultural uncooked supplies; chemical trade merchandise; equipment, gear, and autos,” the ministry famous.

The primary objects of import from Turkmenistan had been: chemical trade merchandise; textile, merchandise constructed from it and sneakers; meals merchandise and agricultural uncooked supplies; mineral merchandise.

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