Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

EU, Russia Trade Takes Toll Amid War of Words
16.05.2014 21:24
EU, Russia Trade Takes Toll Amid War of Words
Photo Credit: http://www.enpi-info.eu

Trade between the EU and Russia fell sharply in 1Q 2014, echoing a sour political relationship between Moscow and Brussels split over the Ukraine crisis.

      According to Eurostat, EU imports from Russia dropped more than 9 percent in the first quarter of this year totaling €49.1 billion in March, versus €54.4 billion in the first quarter of 2013.

      As Euractiv.com points out, in 2013 the EU only had 27 members, which means the slide is in fact “even more significant”.

      EU exports to Moscow saw a 10.5 percent decrease, shrinking from €28.7 billion to €25.6 billion.

      “Overall, the EU deficit with Russia now stands at €23.5 billion, compared with €25.7 billion in the first quarter of 2013,” adds Euractiv.com.

      This doesn’t help boost the EU economy, which might be another reason why the bloc is reluctant to go ahead with the sanctions against Russia’s energy sector.

      Earlier, Russia-IC reported that the EU energy commissioner ruled out such sanctions.

      “The question of security of supply is not primarily a matter of coal or oil but gas is what is in the forefront. Our Russian partners are the most important suppliers of gas to the markets of the European Union,” Guenther Oettinger was quoted by Bloomberg as saying.

       




Author: Mikhail Vesely

Tags: Russia-EU relations Ukraine crisis Crimea Gazprom  

Next Previous


You might also find interesting:

Almost 60% of Restaurants were Unable to Adapt to Quarantine
02.06.2020
American Retail Giant Walmart has Acquired a Robot Made by the Russian Promobot
30.09.2020
Technology Parks for Creative Industries will be Launched in Moscow
29.01.2020
Catering Companies Change their Business due to the Pandemic
11.08.2020
The Service for Hiring General Laborers Attracted Investment from Two Business Angels
31.01.2020







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Nizhny Novgorod Region  Conceptualism  travel to Russia  book hotels in Russia  Yegoryevsk  Single Ticket  Exhibitions in Moscow  Festivals in Moscow  contemporary art  Russian business  Amur Region  Ryazan Region  Andrey Bartenev  AK-102  St. Petersburg  Alisher Usmanov  Kurban Berdyev  Russian football team  Lipetsk Region  Izmailovo Park  Vasily Zhukovsky  Russian Cinema  swimming in Moscow  Leo Tolstoy  human rights in Russia  Moscow  Russian Artist  Gazprom  Elena Obraztsova  environment  Russian academy of sciences  Penza  Mark Freidkin  Ufa  buy Russian designers  Russian tourism  Elizaveta Glinka  Weather Forecast  Hermitage  Mercedes-Benz Fashion Week Russia  Russia law  Trans-Urals  Paralympic  music  Russian Film Distribution  Russian students  Russian regions  Festival of the North  Russian cuisine  airport transfer in Russia 


Travel Blogs
Top Traveling Sites