European Union member states boosted their trade turnover with Russia in the first eight months of 2022, RIA Novosti has reported on Saturday, citing data collected from the bloc’s various national statistics departments.
All-in-all, 20 of the 27 bloc members saw a year-over-year increase of 34% in mutual trade with Russia. In monetary terms trade turnover surged to €177.3 billion compared to €132.4 billion in the same period a year ago.
Some member states have boosted trade turnover by more than 200%.
Russia’s trade with Bulgaria and Greece reportedly soared 240% and 230% respectively, while trade turnover with Slovenia doubled during January-to-August this year.
At the same time, Austria and the Czech Republic boosted their trade with Moscow by 80% and Russia’s trade turnover with both Hungary and Italy surged 70%. Belgium and Cyprus also registered increases, of 60%.
At the same time, Russia’s mutual trade with Malta saw a dramatic decline of 80%, while two Baltic Sea nation, both Denmark and Sweden reduced their trade with the nation by 49%.
Luxembourg’s trade turnover with Russia also declined, by 28%. Drops in Russia’s mutual trade with Finland and Lithuania totaled 7% and 6% respectively. Portugal reduced its trade turnover with the nation by 3%.
Trade between these seven countries and Moscow amounted to €14.2 billion, against €17.3 billion a year earlier.
As a result, Russia-EU trade turnover saw an increase of 28% in January-August 2022 compared to the same period a year ago, and amounted to €191.5 billion.
Of these, EU exports to Russia totaled €36.2 billion, while imports from Russia amounted to €155.3 billion.
Thus, the EU’s trade deficit for the first eight months of the current year amounted to €119.1 billion, reaching its highest since 2008, when it amounted to €151 billion for the entire year.
RT. com / ABC Flash Point News 2022.
The way of thinking of the EU authority and its subgroups of parties, and the party members muddling along: What to do if you ride a dead horse?….. Buy a stronger whip…. Change riders…. Say: “This is how horses have always been ridden with us!“… Hire consultants who will analyze the horse…… Other companies are studying how these ride their dead horses…. Increasing the requirements for dead horses….. To come up with an impressive name for the dead horse…. Create an elite squad that will revive the horse…. Attend seminars to improve the riders…. Redefining: Horses don’t die!… The criteria… Read more »
All in all, 20 of the 27 bloc members recorded an annual increase of 34% in mutual trade with Russia. In monetary terms, trade turnover increased to 177.3 billion euros, compared with 132.4 billion euros in the same period a year ago.
Madness rules the EU authority, when 27 sit together, their leaders decide one sanction after another, so far there are 9 to destroy Russia, nevertheless 20 do business with Russia to increase their wealth.
In that sense, this U.v.D.L. is a thoroughbred idiot.
So what is with 8 packages of sanction doing ?
Another way to look at is the EU states know the US hypocrisy and how they are benefiting from the sanctions while EU suffers. So they quietly trade and visit Russia too.