Page 75 - RusRPTAug22

Germany will completely stop buying Russian coal on August 1 and Russian oil on December 31, Joerg Kukies, state secretary in the German federal chancellery, said at a conference in Sydney. The key challenge ahead will be filling the gap that will be left when the European Union weans itself off the 158bn cubic metres (bcm) per year of gas that Russia supplies, Kukies said. Russian previously supplied 40% of Germany's coal and 40% of its oil, he said.
Chinese exports to Russia of microchips and other electronic components and raw materials, some with military applications, have increased since Moscow’s invasion of Ukraine, complicating efforts by the US and Western allies to isolate the country’s economy and cripple its military. Chip shipments from China to Russia more than doubled to about $50mn in the first five months of 2022 compared with a year earlier, Chinese customs data show, while exports of other components such as printed circuits had double-digit percentage growth. Export volumes of aluminium oxide, which is used to make the metal aluminium, an important material in weapons production and aerospace, are 400 times higher than last year.
Trade with Russia began to recover in June, but that with North Korea and China remains down by 60% and is not improving.
Eurostat released trade data for the month of May. If you look at January through May 2022 (red) vs same period in 2021 (blue), the biggest jump in payments to Russia for oil & gas are from Italy, which went from EUR 3.7 bn in '21 to EUR 11.4 bn in '22. With
75 RUSSIA Country Report October 2020 www.intellinews.com