The deputy head of mission, Russia Embassy, Ambassador Valery Shaposhnikov has decried that the trade volume between Nigeria and Russia is still low, and stressed the need for Nigerian agro-food export to meet international standards.
This is even as the envoy said the trade volume between both nations is $600 million.
The Envoy, who disclosed this during the formal inauguration of the Nigeria-Russia Chamber Of Commerce And Industry, harped on the need to improve the trade volume between both nations.
He noted that his country is interested in buying agro-food exports from Nigeria as Russia supplies fertiliser and machines to Nigeria. He however said the agro-food and other products from Nigeria need to be very good and also meet international standards for the trade volume to rise.
On his part, the chairman of Nigeria – Russia Chamber of Commerce Dr. Obiora Okonkwo, said the federal government and the Russian Federation have established the Nigeria-Russia Chamber of Commerce and Industry to boost the economic relations between both countries.