As a provider of products for the German financial system, Russia nonetheless loses considerably higher significance for the German financial system. Because of the battle of aggression on Ukraine and sanctions imposed by way of the Russian Federation, the import of the Russian Federation used to be adjourned by way of 94.6 % to the volume of one.8 billion euros in comparison to 2021. years, because the Federal Statistical Administrative center in Viesbaden used to be introduced. Sooner than the beginning of the battle and 17 sanctions from 17 sanctions till up to now, imports from there used to be 33.1 billion euros in 2021. years.
Move
Z + (precision content material); Conflict in Ukraine: What do additional sanctions paintings towards Russia? Overseas business: German exports in April sank Ukrainian Conflict: New EU Sanctions and Nice Britain vs. Russia
Exports in Russia additionally lowered: 2024. Germany used to be price 7.6 billion euros in Russia 71.6 % not up to 2021. years. Years.
In the meantime, 17. Sanction bundle got here into impact
EU nations staves 17. Sanction bundle towards Russia in Would possibly in regards to the present battle of aggression on Ukraine. Amongst different issues, additional tightening the process towards any such are living Russian fleet for transporting oil and petroleum merchandise. Additional sanctions of the EU have targets to export the prohibition of business or army items and get entry to to Russia capital and fiscal markets.
Russia at 59th position with an important supply nations
Russia’s proportion in all imports into Germany in Germany is in 2024. yr, 0.1 % – 2021. years remained 2.8 %. On the identical time, Russia had just a proportion of 0.5 % from Germany remaining yr, after 1.9 %, Russia slid 59 maximum necessary supply nations, after 12. Puts in 2021. years, in 2021. years, in 2021. years used to be 15. years.
To the second one part of 2022. The Russia nonetheless used to be the most important power provider for Germany. Up to now yr, Germany from Russia basically moved metals and chemical merchandise, meals and feed. Against this, Germany normally supplied pharmaceutical and chemical merchandise in addition to machines.
The overall EU has additionally considerably diminished business with Russia. Imports lowered from 183.6 billion euros in 2021. to 36 billion euros remaining yr. In relation to exports from the EU in Russia, minus used to be 64.6 % inside of 3 years. In 2024. the EU carried out nearly 31.6 billion euros in Russia.
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