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Six EU countries boost goods exports to Russia in July

https://sputniknews.com/20221025/six-eu-countries-boost-exports-of-goods-to-russia-in-july-1102602231.html

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Moscow (Sputnik) – Statistics analyzed by Sputnik show that exports from six EU member states to Russia increased year-on-year in July, with Slovenia and Croatia leading the way.

Croatian exports to Russia in July reached €18.4 million ($18.1 million), while Slovenian supplies were estimated at €98 million, 59% and 56% respectively from last year’s figures, according to data. high. Estonia (16%), Bulgaria (10%), Austria (5%) and Latvia (1%) also increased their exports of goods to Russia year-on-year.

On the other hand, other EU countries Export volume to RussiaCyprus (-99%) has almost completely stopped deliveries, as have Luxembourg (-82%), France (-76%), Sweden (-75%) and Czech Republic (-70%). data.

During the same period, imports of Russian goods surged in 16 countries of the bloc, and some member states experienced several-fold increases in supplies: Slovenia (6-fold), Cyprus (3.4-fold), Czech Republic (3.1-fold). ), Greece (3x) and Italy (2.2x), the data said.

Also Austria (12%), Belgium (89%), Bulgaria (95%), Hungary (77%), Germany (10%), Spain (68%), Luxembourg (16%), Netherlands (15%) , Romania (9%) is one of the EU countries to boost imports from Russia, according to statistics, along with Slovakia (21%) and Croatia (2%).

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It added that eight EU countries increased their exports to Russia month-on-month, with Romania (78%), Lithuania (28%) and the Netherlands (21%) coming first.

Earlier in October, the EU’s head of foreign policy, Josep Borrell, said that the EU’s prosperity was based on cheap energy from the Russian and Chinese markets, but that this was due to the bloc’s lack of technology transfer, investment and the supply of cheap commodities. Having provided an opportunity, the EU now seeks energy sources within Europe and rebuilds its economy.

The start of fighting in Ukraine in February exacerbated the energy crisis that has unfolded in Europe over the past year. The crisis-induced disruption to logistics and financial operations and Western sanctions against Russia have weakened supply chains and sent energy prices soaring around the world.



https://sputniknews.com/20221025/six-eu-countries-boost-exports-of-goods-to-russia-in-july-1102602231.html Six EU countries boost goods exports to Russia in July

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