EU's trade ties with Russia weaken further: Report

Highest drop seen in coal trade between EU, Russia

By Gokhan Ergocun

ISTANBUL (AA) – Russia’s share in the EU’s exports dropped from 4% to 2% between February and December 2022, according to latest data released on Friday.

Russia’s share in the bloc’s imports also declined from 9.5% to 4.3% over the same period, Eurostat reported.

“The EU’s trade deficit with Russia peaked at €18.2 billion ($19.3 billion) in March 2022 before progressively decreasing to €6 billion in December 2022,” the EU statistical office said.

The highest drops were seen for coal (from 45% in 2021 to 22% in 2022), natural gas (from 36% to 21%), fertilizers (from 29% to 22%), petroleum oil (from 28% to 21%) and iron and steel (from 16% to 10%), the report added.

Kaynak:

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