War in Ukraine: German exports to Russia plunged to a two-decade low

At low levels of two decades, specifically in 2003, the German exports at Russia, according to data accessed by Reuters.

The drop in exports came after the sanctions against it Moscow for the war in Ukraine.

German exports to Russia registered a 45% year-on-year plunge to 14.6 billion euros in 2022, according to preliminary data from the German Commission for East European Economic Relations.

Imports from Russia, however, they rose by 11% to around 37 billion euros due to high oil and gas prices, the agency said in a report. Its trade deficit Germany with the Russia therefore climbed to a record level of around 22 billion euros, said the head of the organization Michael Harms.

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