Russian exports to Germany fell 94.6% to reach 1.8 billion euros ($ 2.05 billion) last year compared to the levels recorded in 2021, where the sanctions imposed on Russia Because of her war with Ukraine To greatly restrict trade, according to the Federal Statistics Agency, today, Wednesday.
Germany -before the Russian -Ukrainian war, which caught on February 24, 2022, and the European Union’s approval of 17 sanctions packages -was importing 33.1 billion euros in 2021.
German exports to Russia decreased by 71.6% last year compared to 2021, with trade volume of 7.6 billion euros.
The Statistical Agency added that the European Union, as a whole, reduced its imports from Russia by 78% and its exports by 65% during the same period, which led to a commercial deficit of 4.5 billion euros (5.1 billion dollars) in 2024, compared to 147.5 billion euros in 2022.
The 17th sanctions package imposed by the European Union, which aims to obstruct the Russian war effort, entered into force last May, in light of the continuation Russian -Ukrainian war.
According to the European Commission, it was European Union The largest commercial partner of Russia in 2020, with 36.5% of its imports and 37.9% of its exports.