Sanctions Partly Responsible for Slump in German Exports to Russia: Statistical Office

2014/10/29

MOSCOW, October 29 (RIA Novosti) - Sanctions are part of the reason for a sharp decline in German exports to Russia, which dropped 26.3 percent year-on-year, Germany's Federal Statistical Office (Destatis) told RIA Novosti on Wednesday.


"It can be sanctions, but I cannot say how much sanctions contributed to the decline," Peter Kohorst, international communications specialist at Destatis told RIA Novosti.


Earlier on Wednesday, Destatis released data showing that German exports to Russia for August 2014 fell by 26.3% from the year before.


The figures demonstrate one of the worst results since 2009, when the global financial crisis hit.


"In 2009 it could have been only the financial crisis, but here it could have been other reasons," Kohorst said without speculating on other causes of the slump.


"We can't name reasons for the decline because we only can compile the data but not consider or analyze statistic data. Therefore special analyzing institutes for economy are responsible for example," Kohorst added.


Brussels and Washington began imposing sanctions on Moscow after Crimea's reunification with Russia in March, with other countries following their lead soon after. In response, Moscow in August issued a one-year ban on the import of certain food products from the European Union, the United States, Australia, Canada and Norway.


According to Destatis, German exports to Russia in 2013 amounted to 36 billion euro ($45 billion). In September, German Chamber of Commerce deputy managing director Volker Treier said the 2014 figure is likely to fall by 20 percent.



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