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February 13, 2016 9:30 am

Israel and Russia to Sign Free Trade Agreement

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The Kremlin in Moscow. Photo: Quistnix via Wikimedia Commons.

The Kremlin in Moscow. Photo: Quistnix via Wikimedia Commons. Russia and Israel are planning to sign a free trade agreement that will allow for the establishment of joint ventures in the high-tech and agriculture sectors, the Russian news agencyTASS reported Friday.

Both Israeli Agriculture Minister Uri Ariel and Russian Deputy Agriculture Minister Sergey Levin confirmed that the agreement is expected to be finalized.

“We’ve discussed the prospects of forming a free trade zone, which the government plans to put on paper within the shortest period of time,” Levin said.

Israel officials told Ma’ariv that Ariel visited Russia with Member of Knesset Yoel Razvozov (Yesh Atid), who together with Israeli Ambassador to Russia Zvi Heifetz met with Kremlin officials—among them Russia’s deputy prime minister, Arkady Dvorkovich—to discuss the agreement.

Representatives from both sides also discussed pension payments by the Russian government to Israeli citizens who had immigrated to the Jewish state from the former Soviet Union.

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  • Rickey Sawyer

    Well it does seem and look like some good steps are being made from both countries for good relations and and possibly help stabilize relations with many others within neighboring countries who might care to have peace and economic prosperity opportunities and maybe see some chance to look past ideological barriers and look to viable workable respect and practices yet all involved countries maintaining freedoms or the pursuit there-of