Ireland Russia Business Association

On the occasion of the 27th European Union – Russia summit, which took place on 9 and 10 June in Nizhny Novgorod in Russia, Eurostat, the statistical office of the European Union, had issued data on trade and investments between Russia and the EU.

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In 2010, Russia was the EU27′s third most important trading partner after the USA and China, with 87 bn euro exports accounting for 6% of EU27,  and 158 bn imports accounting for 11% of EU27 , resulting in EU27 trade deficit with Russia of 72 bn.

Ireland exports to Russia were 342 m euro, imports 147 m  euro, ranked 23rd and 24th respectively among EU27.