The worth of Russian exports to European international locations 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 amount 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 high two exporters are China with $ 331.6 billion price of exports, and the USA with $ 169.1 billion. The amount of European exports to Russia additionally surged within the first eight months of 2021, rising by 13.6% to $ 66.eight 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.eight billion, and Switzerland with $ 118.2 billion.
The EU’s whole worth of exports to states exterior the bloc amounted to $ 1.6 trillion within the reporting interval, a 13.eight% enhance 12 months on 12 months. The amount 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 international locations and froze their belongings.
In response to those measures, Russia positioned restrictions on imports of quite a lot of meals merchandise from EU international locations. The measures have drawn criticism from residents and firms each in Russia and the EU, and sparked a wave of protests amongst European farmers.
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