Trade between Russia and Germany up 25% in 2017

Trade between Russia and Germany up 25% in 2017



Russian President Vladimir Putin said that the mutual trade between Russia and Germany has grown by 25% this year.

“The trade turnover in 2016 amounted to $40.7 bln, direct accumulated investments made by German companies in the Russian economy reached $18 bln,” the Russian leader said at a meeting with German businessmen.

According to him, “this year, bilateral trade grew by 25% and investments in the first quarter alone amounted to $312 mln, while investments for the whole 2016 were $225 mln.”

“More than 5,000 enterprises with the participation of German capital operate in Russia employing 270,000 Russian citizens. The turnover of those companies exceeds $50 bln,” Putin said.

Russia and Germany continue economic cooperation despite existing challenges in the political area, according to Putin.


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