Despite heavy losses for the Russian economy, Vladimir Putin was not brought to his knees by the sanctions, as the EU had originally hoped. It is surprising that the Kremlin is now earning significantly more from Germany than before the import restrictions.
Although the EU has restricted imports of many goods from Russia since March – including fish, coal, steel, wood, cement and liquor – the purchase compensated for any damage to the sanctioned country due to the increased prices for the much-needed gas.
This is shown by new figures from the statistical office in Wiesbaden. German customers transferred 3.5 billion euros to Russian suppliers in June alone. Despite the war and sanctions, this corresponds to an increase of almost five percent compared to May. Compared to May 2021, the increase is even 39 percent.
In the entire first half of the year, Russia’s revenues from business in Germany totaled 22.6 billion euros. More than in the previous record year 2012. Compared to the sanction-free previous year 2021, Russia now earns a whole 52 percent more.