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The worth of Russian exports to European nations from January to August 2021 reached $109.7 billion, permitting Russia to stay the third largest EU exporter, European statistics company Eurostat introduced this week.
The quantity of Russian exports within the reporting interval elevated by 48.7% in comparison with the identical interval in 2020, to $73.7 billion.
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Europe’s prime two exporters are China with $331.6 billion price of exports, and america with $169.1 billion. The quantity of European exports to Russia additionally surged within the first eight months of 2021, rising by 13.6% to $66.8 billion.
The EU’s largest importers from January to August 2021 had been the US with $296.7 billion, the UK with $211 billion, China with $170.8 billion, and Switzerland with $118.2 billion.
The EU’s complete worth of exports to states outdoors the bloc amounted to $1.6 trillion within the reporting interval, a 13.8% enhance 12 months on 12 months. The quantity of EU imports rose by 16.7% to €1.31 trillion.
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Russian exports to the bloc proceed to rise regardless of the sanctions, which had been imposed in 2014 and expanded a number of instances since. Over this era, the EU suspended negotiations on a visa-free regime with Russia, and stalled a brand new fundamental cooperation settlement. Brussels additionally banned quite a lot of Russian officers from getting into EU nations and froze their property.
In response to those measures, Russia positioned restrictions on imports of quite a lot of meals merchandise from EU nations. The measures have drawn criticism from residents and corporations each in Russia and the EU, and sparked a wave of protests amongst European farmers.
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