Veronika Nikishina also called the mining and oil and gas sectors promising for cooperation between the two countries, adding that Russia, in turn, could offer technologies for greenfield exploration and efficiency improvement at brownfields.

Exports to European countries decreased to $9.1 bln, down 9.2%, while imports lost 9.3% to $9.7 bln.

Vladimir Ilyichev deemed insignificant the US tariffs' impact on Russia.

"We see huge potential in the sphere of facillitating transport and logistical routes," Andrey Rudenko said.

Head of the Federal Agency for Fisheries Ilya Shestakov noted that the ge-ography of Russia’s fish product exports continued to expand despite the anti-Russian sanctions.

The interest in taking part in SPIEF is driven by equal opportunities provid-ed by the forum to all the participants, Alexey Valkov said.

The export duty rate for wheat and meslin is calculated based on an indica-tive price of $247.4 per metric ton.

Kirill Dmitriev emphasized that restoring dialogue with the United States is a challenging and gradual process.

The minister stated that even during Trump's first term, Russia "noted and re-membered" the distinct patterns of US behavior when desired results were not quickly achieved.

Alexander Novak emphasized that the oil sector accounts for over 10% of Russia’s GDP and approximately 20% of the federal budget.