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Russian exports to Turkey plunge 40% in August

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Story summary
  • Russian exporters cut August shipments to Turkey by about 40%, worth $1.93 billion.
  • Ukrainian attacks on southern Russian ports disrupted shipments to Turkey.
  • Despite the drop, Turkey remains Russia’s third-largest trading partner.
  • Andrei Gnidchenko of the Kremlin-linked Center for Macroeconomic Analysis said coal, iron, steel, copper, motor fuels and grain exports fell.