Russia and Israel to start free trade talks

Russian Minister for Economic Development Alexey Ulyukayev and Israeli Minister for Economy Naftali Bennett met in Baku last week and agreed to start discussions of a free trade agreement, Gazeta.ru reports.Israel wants to diversify foreign trade and be more independent from the US. Russian-Israeli trade turnover, totaled at about $2 billion in 2012.

Russian Minister for Economic Development Alexey Ulyukayev and Israeli Minister for Economy Naftali Bennett met in Baku last week and agreed to start discussions of a free trade agreement, Gazeta.ru reports.

Israel wants to diversify foreign trade and be more independent from the US. Russian-Israeli trade turnover, totaled at about $2 billion in 2012.