German equipment supply to Russia is down
Edited by Rhod Mackenzie / 2015-08-07 07:39:08
The volume of German equipment supply to Russia is down: from 17% in 2014 to 30% in May 2015. If it keeps the same way, German equipment supply volume will decrease to EUR 4.5 billion in 2015.
“Weakening rouble, oil price downturn, unfavourable economic situation in Russia caused machine building business fall in Russia, the head of VDMA Außenwirtschaft U.Ackermann says, analyzing the situation.
