Russia-Germany trade turnover falls to lowest level in 16 years

The volume of trade

The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European Economic Relations.

The association said the Covid-19 pandemic and political disagreements led to such a massive reduction in trade turnover between the two nations.

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