Trade turnover between Russia and Germany has fallen by 82% in three years
Trade turnover between Russia and Germany from January to October 2024 amounted to about $8.6 billion (data for the last two months of last year are not yet available), the German Embassy in Moscow told Izvestia.
It noted that the volume of trade continues to decline.
"Izvestia" analyzed UN data for the same period in 2021, 2022, and 2023, and found out that trade turnover between the countries for three years has decreased by more than 82%.
In the 10-month period of 2021, it amounted to $48.6 billion. In the same period of 2022 - already $41 billion - a decline of more than 15%. 2023 was marked by a sharp collapse in trade relations - by 70% - to $12.2 bln. Comparing the period from January to October 2023 and 2024 - the negative trend continued and the decline amounted to 30%.
Such a decline in trade relations had a negative impact on the economy of the FRG. However, the German diplomatic mission in Moscow emphasized that the country does not intend to deviate from the sanctions course against Russia yet.
"Germany supported and continues to support this policy," - specified there.
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Falling growth: trade turnover between Russia and Germany has fallen by 82% in three years
