Phasing out Russian economic influence in Germany

The cornerstone of the Russian-German economic ties has been the import of cheap Russian energy for powering German heavy manufacturing, which then exports back high added value products and sophisticated technology. While the bilateral trade turnover had been on the decline already before the Russian invasion of Ukraine, German companies had invested more than EUR 21 billion by the end of 2021, making the country the third biggest investor in Russia following Cyprus and the Netherlands. Although Russian Foreign Direct Investment (FDI) in Germany is comparatively miniscule, it has been concentrated in a few strategic economic sectors such as energy […]