 "German imports from Russia down over 90% in war’s 1st year")
Berlin: Germany’s imports from Russia fell by more than 90% in the first year of Moscow’s war in Ukraine, largely as a result of the collapse of Russian energy deliveries to Europe’s biggest economy, official figures showed Thursday.
The Federal Statistical Office said Germany imported goods worth 300 million euros ($329 million) in February, down from 3.7 billion euros a year earlier. That was a 91% fall, and dropped Russia from the 11th-biggest source of imports to 46th place.
Russia’s full-scale invasion of Ukraine on February 24, 2022 triggered several rounds of Western sanctions.
Its relations with the West chilled even in areas that weren’t directly subject to sanctions, such as natural gas. Moscow, which once supplied more than half of Germany’s gas, reduced and then stopped gas deliveries to the country last summer.
The statistics office said imports of Russian oil and gas were down 99.8% in the year to February, falling to 4.2 million euros from 2.2 billion euros. Germany’s overall imports of oil and gas this February totaled 6 billion euros.
Coal imports dropped 92.5%, to 26 million euros from 347 million euros.
Meanwhile, Germany exported goods to the tune of 800 million euros to Russia in February, down from 2.1 billion euros a year earlier. That was a 60.5% decline.
Impact Shorts
More ShortsThe statistics office didn’t give details of what is still being imported and exported.
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