Wednesday, December 07, 2022

Pedro Sanchez’s Spain claims to have helped Ukraine swell 57% of trade with Putin in war

Spain has shot 57% commercial traffic with Russia, cementing itself as the great EU country that has increased its economic exchanges the most since the war began. development which is in contrast to other European states such as United Kingdom, Sweden or Germany, that they have drastically cut their trade with Russia, as well as America, which has reduced its commercial traffic with Moscow by 35%. As such, Vladimir Putin has more money than Spain to finance his war, despite messages of support. Pedro Sanchez to Ukraine.

According to a report published by new York Times, Big economies have made great efforts to break ties with Putin: Germany has reduced its commercial traffic by 3% and America 35%, while United Kingdom You Sweden They have gone further, cutting their trading volume by about 80%. is in the opposite direction Spainwho has increased his exchanges with Russia By 57%, being one of the countries that has increased its purchases of Russian products the most. Russia, China, Turkey and India are the most different countries in increasing their trade with.

The sanctions imposed by most countries to “sink” Putin financially have changed Russia’s trade relations. Sánchez was one of those who promised to “maintain pressure on Putin to end his temporary occupation”, something that has become complicated for him in light of the data, as Russia is one of the largest oil and gas producers and most It is one of the important raw materials. in the world.

And not only is it one of the largest producers, it is also one of the cheapest, which is decisive for Sánchez, as inflation in Spain was already over 6% before the war. Although other countries have maintained their purchases, Spain has increased imports of Russian products by 112%more than three times the increase made by other countries such as Germany, on which there is a lot of dependence. is in the opposite direction United Kingdom, Which has reduced its imports from Russia by more than 80%.

Spanish imports of products from Russia have risen by nearly 3,000 million euros, to 2,951 million, since the country invaded Ukraine in February, up 43% from the same period a year earlier. Spain has stopped buying oil from Russia in compliance with sanctions imposed by The European Union One Russia, but continues to buy other products such as gas and other goods. According to data from the Ministry of Industry and Commerce, from February to June, the total cost of Russian imports to Spain is 2,951 million euros, compared to 2,065 million euros in 2021.

Spain’s dependence on the Eurasian giant in terms of gas has been increased by Pedro Sanchez had problems with Algeria. For this reason in August Spain increased natural gas purchases from Russia by 102.19% Compared to the same month last year, while the inter-annual growth of imports of this raw material Algeria fell 34.8%.

instead of this, Spain’s exports to Russia have declined, Putin buys less products from our companies. According to the same source, Russian imports of Spanish products such as automobiles and car parts, medicines or clothing have declined by 44% since the war, mainly due to sanctions, coupled with the economic burden that has eroded the trade fabric in our country. Required to weave. Country.

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