Balkans | Greece’s imports from Russia reached a record high

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Balkans |  Greece’s imports from Russia reached a record high

According to Greek data, Athens more than doubled its purchases from Moscow.

Preliminary data from Greece’s National Statistical Office (Elstat) showed that the country’s imports of Russian goods rose to a record high of 9.33 billion euros ($10 billion) last year, more than doubling since 2021.

Elstat reported that in December alone, imports from the sanctioned country amounted to 866.3 million euros, up 59 percent year-on-year.

The report also showed that the main products that the European Union country imported from Russia last year were petroleum oils and oils from continental minerals (excluding crude oil), petroleum gas and other gaseous hydrocarbons, and untreated aluminum.

According to Elstat, in 2022, 398 Greek companies imported from Russia.

The data also shows that the trade balance between the two countries will be negative in 2022. Last year, the value of Greek exports to Russia fell from 206.6 million euros to 156.4 million euros in 2021.

The European Union has adopted nine rounds of sanctions targeting different sectors of the Russian economy. Brussels is currently working on the next set of punitive measures that it said could include Russia’s nuclear industry and the diamond trade.

Konnetwork

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