Analysis of bilateral trade between Russia and Germany in the context of sanctions

Abstract

The article examines the features, dynamics, and directions of bilateral Russian-German bilateral trade and economic cooperation in the context of sanctions and the tasks of post-crisis recovery. The purpose of the article is to identify the specifics and main trends – cost, commodity, sanctions-of mutual trade between the Russian Federation and the Federal Republic of Germany in the XXI century, especially in 2016-2020, on the basis of statistical analysis. The research was based on the data of the United Nations Conference on Trade and Development (UNCTAD) for 2000-2020, other primary sources, as well as available scientific research conducted in both countries. The authors conclude that the importance of bilateral trade and economic cooperation between Russia and Germany remains important, if not key, for their socio-economic development, including its stability, for the EU and Eurasia as a whole, and also has a direct and/or indirect impact on global processes in the field of trade and economic development. The study showed that at this historical stage, bilateral trade and economic relations are characterized by various and numerous problems, contradictions and imbalances. Despite this, both sides are interested in solving these problems, as well as third countries, which, in our opinion, have the mechanisms and tools that can help them overcome most of the existing difficulties.