Expert: trade turnover between Germany and Russia over three years has been halved


BERLIN, 9 November. /Corr. Vyacheslav Filippov/. Trade turnover between Germany and Russia over the past three years has been halved. This was stated by Executive Director of the Eastern Committee of German economy (VCNA) Rainer Lindner.

He took part in held in Berlin outbound section of the Moscow economic forum (IEF) on “Russian-German economic relations: present and future”. “Compared to three years ago, in 2012, trade turnover between Germany and Russia by the end of 2015 will be reduced by half,” said Lindner.

“However, the German company has not left Russia. We still have 6 thousand companies,” he said. Many of them are major employers, added Lindner. “If there will be a decline in production, it will threaten jobs both in Russia and in Germany”, – said the economist.

He expressed concern that “the economic conflict between the West and Russia could be exacerbated from 1 January 2016” when should enter into force the free trade agreement between Ukraine and the EU. “We need to bet on the implementation of the Minsk agreements and other negotiation formats. We, entrepreneurs, have always tried to build bridges, that we will continue to do,” said Executive Director of WKNE.

IEF organizes regular Russian-German discussions, in which experts, politicians, economists and business representatives of both countries have the opportunity to discuss topical issues of relationship and business partnership.