German exports to the Russian Federation in the first five months of this year fell by 34% to 4, 4 billion euros due to the Russian capital punishment, informs the German Committee on Eastern European economic relations.
If this trend continues, the export to the Russian Federation in annual terms, may be reduced by thirty percent ? presumably to 20 billion euros. In 2012 this indicator reached a record 38 billion euros, reports Reuters news letter of the Department.



the Ministry stressed that the German Industrialists reluctantly accepted the necessity of punishments imposed by the EU on the Russian defense sector, oil industry and the banks in connection With Russia's position on the Ukrainian conflict and Russia's annexation of Crimea. It is noted that up to punishment in the Russian Federation conducted the business about 6, 2 thousand German firms, which ensured Germany about 300 thousand Jobs. Zam. head the Ministry of foreign Affairs of the Russian Federation Alexei Meshkov on Thursday said that the punishment suffered by European exporters. He said that most EU countries are in favour of their abolition. June 23, entered into force the EU's decision to extend economic sanctions against Russia until 31 January 2016. In addition, on 19 June, the Council of the European Union officially confirmed the extension of sanctions on Crimea and Sevastopol until June 23, 2016. The Russian President Vladimir Putin signed a decree on the extension of retaliatory sanctions Russia for one year, starting From June 24. Russia not only prolongs the response of anti-European penalties on the year. Moscow also wants to eliminate those loopholes enjoyed by Europeans for illicit shipments of its products to the Russian Federation. But most importantly ? list of restrictions are going to be expanded, and it is clear what the EU will suffer from this the most. 7 August 2014, Russia in response to the input sentences from a number of European countries have imposed a total ban on deliveries of beef, pork, fruits, poultry, cheese and milk from EU countries, USA, Australia, Canada and Norway, which previously imposed punishment against Russia. August 20, 2014, Prime Minister of Russia Dmitry Medvedev has approved amendments in the list of foods that are prohibited to import.

sections: Politics