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FRANKFURT – Germany’s exports to Russia slumped 50 p.c in Could in comparison with the identical month final yr, on account of the warfare and sanctions prompting companies to chop their ties, Germany’s statistics workplace reported Tuesday.
The 50 p.c decline left whole exports at € 1.1 billion, in comparison with €0.8 billion in April, when the annual decline was 64.1 p.c.
In Could, Russia was ranked tenth among the many most necessary locations for German exports exterior the EU — a drop in rating from February, when it was fifth.
Germany’s prime buying and selling associate in Could exterior the EU was america, with exports totalling €13.6 billion.
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