Export of items from Germany to the Russian Federation fell by 34%
Export of items from Germany to the Russian Federation decreased by 34% from January to February of 2015 compared with the same period last year, said the head of the Oriental Department of the German economy Eckhard Cordes.

Export of items from Germany to the Russian Federation decreased by 34% from January to February of 2015 compared with the same period last year, said the head of the Oriental Department of the German economy Eckhard Cordes.
It is connected not only with economic sanctions, he said, noting however that " these penalties as the veil of economic growth ", reports Deutsche Welle. Before the Federal statistics Ministry reported that German Exports to Russia declined in January 2015 with 2, 22 1, 44 billion euros compared with the same period in 2014. The decline was about 35%.
Cordes, explaining the data, said that a record decrease shows that there are serious issues in Russian-German relations: "the Crisis of political power, which was the result of the conflict in Ukraine, enters the economy and bilateral economic Relations," said Cordes. In his vision, " Russian organizations face obstacles when taking out loans, and German companies refrain from investing." Remember, in January of the current Cordes reported that the Export of German subjects to the Russian Federation decreased in 2014 by 6 billion euros due to the introduction of the EU sanctions and the response from Russia, which increases the probability of the cast to reduce 60 thousand Jobs. Relations between Russia and the West deteriorated in connection with the situation in Ukraine. The EU and the US on the background reached in Minsk agreements between Kiev and militias Donbass about stopping the fire entered against Russia punishment, against the financial, oil and defense industries. Before Tuesday, the Prime Minister of Russia Medvedev D. A. said that experts estimate losses of the Russian economy due to Western sanctions in 25 billion euros, but in 2015, the harm may grow several times.