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Russian-Germany trade up almost by 25% year-to-date, Kremlin says

In 2017, the trade between Russia and Germany gained 22.8% to $50 bln

MOSCOW, October 27. /TASS/. The Russian-German trade turnover rose almost by 25% in first eight months of 2018 year-on-year, according to the documents prepared for the upcoming visit of Russian President Vladimir Putin to Istanbul for the quadrilateral summit on the Syrian settlement along with French President Emmanuel Macron, German Chancellor Angela Merkel and Turkish President Recep Tayyip Erdogan, and a number of bilateral meetings between the leaders on Saturday.

In 2017, the trade between Russia and Germany gained 22.8% to $50 bln. "In January-August 2018, the Russian-German trade increased by 24% (plus $7.5 bln) compared with the same period in 2017 to $39 bln. Russian exports to Germany rose by 35% to $22.1 bln, while imports grew by 12% to $16.9 bln," the Kremlin’s press service said.

The total amount of accumulated German investments in the Russian Federation exceeds $18 bln, while Russian investments in Germany stand at $8.1 bln.

Meanwhile, the trade turnover between Russia and France added 22.5% in January-July period of 2018 year-on-year, while the Russian-Turkish bilateral trade went up by 30% in first eight months of this year, the documents for the summit said.