Until recently, Germany has traditionally been one of Russia’s largest trading partners, but the Russian war against Ukraine has changed the picture.
For the first time, Germany’s trade turnover with Ukraine became greater than with Russia. This was reported by the German foreign trade association Eastern Committee of the German Economy.
“In September 2023, Germany’s trade turnover with Ukraine (840 million euros) will for the first time be greater than that of Russia (810 million euros),” the association said in a statement.
Until recently, Germany has traditionally been one of Russia’s largest trading partners, but the Russian war against Ukraine has changed the picture.
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In 2021 – the year before Russia’s full-scale invasion of Ukraine began – Russia’s trade turnover with Germany reached $56.9 billion, which is 35.87% ($15.1 billion) more than in 2020. Russian exports to Germany in 2021 will reach $29.6 billion, Russia’s imports from Germany will reach $27.3 billion.
Since 2022, Germany, in response to Russia’s aggression against Ukraine, began to reduce trade with Russia, especially by abandoning oil and gas.
Let’s remember that Germany called on NATO to prepare for a Russian invasion. Even if the world security situation worsens, aid to Ukraine will continue, they stressed in Berlin.
Source: korrespondent
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