In January-April2023, the trade turnover between Russia and the countries of the European Union dropped 65.5% year-on-year down to 36.8 bn euro.
According to Eurostat, while exports from EU countries into Russia were down 32.4% during the period under report to 14.4 bn euro, import from Russia to the European Union declined by 73.7% down to 22.4 bn euro.
In April 2023, EU exports to Russia declined by 3.3% year-on-year and by 32.6% month-on-month to 2.9 bn euro
Imports to the Union from Russia in April dropped 7.9% year-on-year and grew 4.9% month-on-month to make 4.3 bn euro.
In January-April 2023, Russia continued to rate the ninth largest importer from the EU. Among the largest exporters to the EU countries, Russia stepped down to the ninth position.