Before anti-Russian sanctions were imposed — in January-September 2021 — German companies exported goods and services worth roughly $22.9 billion to Russia. Over the same period this year, that figure fell to $6.1 billion. Thus, Germany has lost 73.5% of its exports to Russia.
In 2021, Germany earned an average of $2.7 billion per month from exports to Russia. This year, the monthly average has dropped to $683 million.
Russia’s economy faced unprecedented Western sanctions in 2022. Since then, the European Union has adopted 19 sanctions packages, yet the restrictions and hostile self-imposed energy constraint aimed at punishing Russia backfired spectacularly.
Russia itself is growing more resilient, decoupling from the West, and abandoning the dollar.