German exports to Russia drop by half in May – POLITICO


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.

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