Exports from EU countries to Russia increased by 45 percent and amounted to six billion euros. The trade deficit with Brussels and Moscow in January increased 1.7 times compared to the same period last year and amounted to 7.6 billion euros.
Overall, the trade surplus of the EU in January this year dropped 63 percent to 37.7 billion euros.
The trade deficit in the Eurozone in the reporting period amounted to 600 million euros compared to a surplus of 4.8 billion euros a year earlier.
The EU started to introduce restrictive measures against Moscow in 2014 on the accession of Crimea to Russia and the conflict in the South-East of Ukraine. In addition to individual sanctions, which include a ban on entering the EU and freezing of assets, there are two package measures: the number of sectors of the Russian economy (extended to 31 July 2017), and also against the Crimea (prolonged until June 23, 2017). In response, on 6 August of the same year, Russia imposed an embargo on the import of a whole list of products from EU countries.