Trade between the European Union and Russia fell by €13.1 billion in the first half of 2014, according to estimates published today by Eurostat.
Total EU exports to Russia fell by 12% compared with the same period in 2013, from €49.6bn to €43.6bn. Imports from Russia fell by 8%, or €7.1bn. The EU still imports almost twice as much from Russia as it exports, with a trade deficit of €38.6bn.
The EU’s main exports to Russia are machinery and transport equipment, chemicals, medicines and agricultural products. Russia’s main exports to the EU are oil and gas.
Trade between the two sides has been …read more
Source: European Voice
