German equipment exports to Russia fall 28% in Q1

German equipment exports to Russia: A combination of  Russia’s economic crisis, a weak rouble and EU sanctions has led to a drop of 28% in the export of German mechanical engineering equipment, the industry’s trade association the VDMA reported today.  Russia has now dropped from being the industry’s 4th most important export market to 10th, a trend which the association expects to continue.

Source: Rosbalt