Trade between Russia and Germany is unlikely to return to the traditional structure that has developed in recent years due to the threat of increased sanctions. This, however, does not mean that the decline in dynamics cannot be compensated for by the development of new directions. This was stated in an interview with Izvestiya by Andrey Sobolev, trade representative of the Russian Federation in Berlin.
He noted that in October 2022, the German statistical office reported a decrease in the supply of German goods to Russia. This decrease, as in April and July of the same year, is explained by the entry into force of bans on the supply of certain categories of products from the European Union to Russia, the trade representative specified.
“And although now there is no longer that chaos in the field of logistics, which had a strong negative impact on the dynamics of trade turnover at the beginning of the year, the sanctions packages against Russia in the EU continue to be adopted, the ones already adopted contain bans that come into force this month, as in regarding deliveries to Russia, and from Russia. This, including due to the threat of increased sanctions pressure on the Russian Federation, suggests that trade between our countries is unlikely to return to the traditional structure that has developed in recent years,” Sobolev stressed.
At the same time, according to him, the current situation does not mean that the decline in the dynamics of cooperation cannot be compensated for by developing new areas.
Read more in an exclusive interview with Izvestia:
“Trade between Russia and Germany is unlikely to return to the traditional structure”