The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European Economic Relations. The association said the Covid-19 pandemic and political disagreements led to such a massive reduction in trade turnover between the two nations. “German-Russian trade was at its lowest level since 2005,” said Oliver Hermes, the committee’s chairman. “2020 turned out to be a very difficult year not only because of the coronavirus, but also due to serious political conflicts that have been noticeably affecting the economy.” RE
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