"I propose to set an ambitious goal — to work out the possibility to increase the volume of bilateral trade up to $500 million," Novak said at the meeting of Russian-Qatari intergovernmental commission for trade, economic, scientific and technical cooperation.
He added that the bilateral trade in the first three months of 2016 had more than quadrupled in comparison to the same period of the previous year due to Russia's deliveries of ferrosilicon and wheat to the Gulf state, as well as Qatar's supplies of insulating oil to Russia.
The two countries have reached an agreement on establishing Russian-Qatari intergovernmental commission in 2010, according to the Russia Foreign Ministry. The first commission's meeting took place in March 2015 in Doha. The meeting was chaired by the two countries' energy ministries.
