German exports to Russia on verge of collapse

German exports to Russia dropped by over 30% year on year in the first five months of 2015,  according to a report published by the Eastern Committee of German Economy yesterday. If the trend continues, the report predicts,  export volumes will have halved by the end of December, from €20bn to €10bn. German exports to Ukraine, Belarus and Kazakhstan are also down, by 29%, 31% and 26% respectively.

Source: www