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Huge trade deficit with Russia - Moldovan exports plummet by 50%

Moldova registered a $193.2 million trade deficit with Russia for January-November 2006, according Moldova's National Statistics Bureau. Moldova exported goods worth $168.4 million to Russia in the first 11 months of 2006, a 47.3 percent decrease from the same period of 2005. In the same period, Moldova's imports of Russian products grew by 50 percent to $361.6 million. Analysts attribute the deficit to the Russian ban on Moldovan wines.