Germany, Russia - Jan 23

In light of recent events in Russia, German investments and economic activity in the country have been slowing down significantly. Russia’s third largest trading partner has begun to pull back, with Opel idling automotive assembly lines in Kaluga, BASF reneging on a natural gas deal with Gazprom, and the German Chamber of Commerce estimating that a full 1/3 of all deals within Russia by German companies will be cancelled. While a downward trend in trade and investment will have a greater impact on Russia than Germany, trade between the two has fallen 22%, which could prove another barrier to growth for what many believe is the Eurozone’s economic driver.

Source: The New York Times