Monday, January 18, 2021

Russia-Germany Trade On New High; How Much More Can It Scale?

Russia-German trade revenue climbed by 25% in the first eight months of 2018 according to briefs prepared for the upcoming visit of Russian President Vladimir Putin to Istanbul for the quadrilateral summit.

Read at EurAsian Times: Can India-Japan Relations enhance India’s position in the ASEAN Countries?

The Kremlin’s press service reported that “In January-August 2018, the Russian-German trade was boosted by 24% compared with the same period in 2017 to $39 billion. Russian exports to Germany rose by 35% to $22.1 billion, while imports grew by 12% to $16.9 billion. The total amount of German investments accumulated in the Russian Federation exceeds $18 billion, while Russian investments in Germany stand at $8.1 billion.

Meanwhile, the trade turnover between Russia and France added 22.5% in January-July period of 2018 year-on-year, while the Russian-Turkish bilateral trade went up by 30% in first eight months of this year, the documents for the summit said

The Russian President Vladimir Putin will head to Istanbul for the quadrilateral summit on the Syrian settlement along with French President Emmanuel Macron, German Chancellor Angela Merkel and Turkish President Recep Tayyip Erdogan, for a number of bilateral meetings between the leaders on Saturday.

On the other hand, Germany imported 23 per cent more natural gas in August than 2017, pushing year-to-date imports at the end of August to 3.5 million Terajoules or 99.6 billion cubic metres (cbm) ahead of winter. Germany mainly imports gas from Russia, Norway, the Netherlands, Britain and Denmark. German importers, however, paid 30 per cent more for gas up to August highlighting the energy imbalance have driven up prices and trading volumes in all three markets.

More News at EurAsian Times

Featured

Indian Air Force Bets Big On Russian Jets; Set To Acquire More MiG-29, Su-30 MKI Fighters – Reports

The Indian Air Force is set to procure 21 MiG-29s and 12 Sukhoi-30 MKI fighter jets from Russia. This development comes after the Indian...

UK, Germany, France Warn Iran Against Starting Work On Nuclear Program

Tensions between Iran and the EU nations including the UK, Germany and France have reached a fever pitch over Tehran’s decision to accelerate nuclear...

Afghan President Ashraf Ghani Condemns Attack On Female Judges; Urges Taliban To End Violence

Afghan President Ashraf Ghani in a statement said the terrorist attack and continued violence is contrary to Islamic guidance and urged the Taliban to...

Why Pakistan Keeps Calling India’s Ruling Party BJP’s Parent Body RSS A Terror Group?

Pakistan has urged the United Nations Security Council to designate India’s Rashtriya Swayamsevak Sangh (RSS) -- the parent organization of the ruling Bharatiya Janata...

Why China’s Dream Of Establishing Overseas Military Base In At-Least 12 Nations Could Soon Turn Into A Nightmare? 

Contrary to the apprehensions of the US Department of Defense that China is wooing 12 countries to make them agree to host its military...