EU Nations Multiply Trade with Russia

ER Editor: We can see at the bottom of this short piece EU trade dependency on Russia. And the total hypocrisy of sanctions, known to be harming European citizens.

Readers may also be interested in this piece, titled European countries increase Trade with Russia, despite the War and Sanctions


EU nations multiply trade with Russia – RIA

Some member states have boosted trade turnover by more than 200%, the news agency says


EU nations multiply trade with Russia – RIA

Three quarters of EU member states boosted their trade turnover with Russia in the first eight months of 2022, RIA Novosti reported on Saturday, citing data collected from the bloc’s various national statistics departments.

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%.

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.

At the same time, Russia’s mutual trade with Malta saw a dramatic decline of 80%, while 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 totalled 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 totalled €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.




The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)


Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.


Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.


Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.