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THE BIGGEST TURNAROUND OF THE DECADE: Israel to dump United States and make pact with Russia

vladimir putin and Benjamin Netanyahu russia

The cooperation between Russia and Israel is about to be raised to another level.

Russia and Israel are planning to sign a free trade agreement in the near future.

Russia plans exporting eggs and meat (particularly beef) and extending the list of exported agricultural produce as a whole, according to Levin.

Russian Deputy Agriculture Minister Sergey Levin also explained Russia is a traditional grain supplier to Israel.

“We cover 17-18 percent of Israel’s imported grain, especially wheat,” said Levin.

In December, Russia and Israel announced the start of free trade zone talks. At that time, Israeli Minister Zeev Elkin said Tel Aviv wanted a free trade agreement with the EEU (Russia-led Eurasian Economic Union) as soon as possible.

According to him, Israel could boost trade with the Union by six to eight percent, while Russia would see an increase in investment and technology transfer.

The EEU is a trade bloc established in 2015 on the basis of the Customs Union of Russia, Kazakhstan and Belarus. It currently has five members: Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, while Tajikistan is a prospective member.

(Rt.com)

 

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