Germany losing Russian markets ...News

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Germany losing Russian markets
Exports dropped nearly 40% year-on-year in May, data shows German exports to Russia fell sharply in May 2023 compared to last year figures, data from the Federal Statistical Office (Destatis) showed on Thursday. According to the calculations, exports dropped by 36.7% to €700 million ($760 million). Russia slid to 16th place among Germany’s major export partners outside the EU (third countries). In February 2022, prior to the conflict in Ukraine and the ensuing EU sanctions on Moscow, Russia ranked fifth. Germany’s overall exports to third countries rose slightly in May against the previous month, by 1%, totaling €

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