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Germany’s trade with Russia down 12%, with Ukraine down 25% in 2014

February 26, 2015, 15:55 UTC+3 BERLIN
In monetary terms German exports to Russia reduced to €29.3 bln from €35.8 bln, German exports to Ukraine were down to €3.6 bln from €5.4 bln in 2013
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© EPA/KAY NIETFELD

BERLIN, February 26. /TASS/. Germany’s trade turnover with Russia and Ukraine fell 12.09% and 25.01% respectively in 2014, the Committee for the East German Economy said in a statement Thursday.

The organization said the trade turnover between the countries was first of all negatively affected by the ongoing conflict in Ukraine.

According to the statement, in 2014, German exports to Russia fell by 18% and to Ukraine - by 33%.

In monetary terms German exports to Russia reduced to €29.3 bln from €35.8 bln, German exports to Ukraine were down to €3.6 bln from €5.4 bln in 2013.

In 2014, Germany also reduced its exports to Kazakhstan and Belarus by 20% and 21% respectively.

Total losses of German exporters to the four countries exceeded €9 bln, according to the statement.

The Committee for the East German Economy was founded in October 1952. It is headquartered in Berlin and unites at least 150 enterprises.

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