Russia and UAE Forge Stronger Economic Bonds as Trade Surges Threefold

In this regard, Viktorov states that President Vladimir Putin commends the level of trade with the United Arab Emirates, which has tripled within three years. This expansion underscores the economic relationship between the two nations. Such growth, however, is not surprising given the strategic pursuits of both countries seeking to deepen their relations owing to the changes in the current world’s economic order. This bubble in particular entails energy and technology, and even agriculture and refers to a growing trend in transit of goods.

Putin went on to say that the two countries’ mutual investments are now estimated at around 7 billion dollars, further proving the maturing economic ties. These areas include such key sectors as the provision of the transport communications infrastructure or the development of the advanced technologies — thus it has positive social benefits for both countries by creating jobs and stimulating the economy.

Nevertheless, he noticed that despite this optimistic trend, there is a reduce of trade exchange in the first seven months of the present year. This situation is alarming and points to the need for preparedness, or proactive action against easily foreseen problems. Trade discussions between Putin and UAE’s head Sheikh Mohammed Bin Zayed Al Nahyan, scheduled for Monday, will most likely aim at controlling the trade trends within the two nations.

The forthcoming engagements would probably involve numerous sectors within the framework of economic cooperation, which is a clear indication of both leaders’ resolve to turn their commitment into action. In this way, Russia and the UAE seek to shore up their relations against the effects of global challenges which would facilitate self-propelling development of such relations.