FRANKFURT (Reuters) – German exports to Russia fell 50% in May from the same month last year as war and sanctions prompted companies to sever ties, it reported on Tuesday. the German statistics office.
The 50% drop left total exports at €1.1 billion, down from €0.8 billion in April, when the annual drop was 64.1%.
In May, Russia was ranked 10th among the most important destinations for German exports outside the EU – a drop from February, when it was fifth.
Germany’s main trading partner in May outside the EU was the United States, with exports totaling 13.6 billion euros.
This article is part of POLITICO Pro
The one-stop solution for policy professionals fusing the depth of POLITICO journalism with the power of technology
Exclusive and never-before-seen scoops and ideas
Personalized Policy Intelligence Platform
A high-level public affairs network