Ahmad 
The UAE quadrupled its imports of Russian oil derivatives in 2023, reaching a record level of $971.4 million, compared to $237.8 million in 2022.
The UAE increased coal imports from Russia by 1.7 times, reaching a value of $75.3 million.
Total trade exchange between Russia and the UAE in 2023 increased by 3.5% to reach $11.2 billion, a new record level.
The two countries covered their trade exchange with the Russian ruble and the UAE dirham, which enhances economic cooperation between them.
The year 2022 also recorded trade exchange between Russia and the United Arab Emirates at a record level, growing by 68%, equivalent to $9 billion, according to Russian Deputy Prime Minister and Minister of Industry and Trade, Denis Manturov.
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