The amount of German imports from Russia has risen over the primary seven months of this yr by 32.6% in annual phrases, amounting to $27.9 billion, the Russian Commerce Mission in Berlin advised RIA Novosti on Monday, citing knowledge from Germany’s federal statistical workplace, Destatis.

In keeping with the Russian commerce consultant in Germany, Andrey Sobolev, the rise in imports of gasoline and vitality merchandise by way of July was 40.5%. Purchases of Russian gold have risen greater than tenfold, whereas the amount of silver imports jumped by nearly 5 occasions. The EU nation has additionally boosted purchases of different metals from Russia, together with copper, aluminum, and nickel.

The report additionally indicated that German exports to Russia decreased by 43.6% to $10.2 billion in comparison with the identical interval final yr. Declining exports precipitated a $17.7 billion commerce imbalance for Germany.

The commerce consultant defined that, regardless of the final decline in exports to Russia, “there was a rise in provides from Germany of pharmaceutical merchandise, seeds and fruits.”

Russia accounted for two.3% of whole German international commerce and was the fourth most essential nation for German items exterior of the EU in 2021. In April, US analytics agency S&P World warned of a potential monetary shock if there’s a “commerce rupture” between the 2 nations.

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