German exporters hit by Ukraine crisis

FRANKFURT, June 27: The crisis in Ukraine is damaging German exports to the war-torn region and to Russia, new trade data showed on Friday. In the first four months of this year, exports to Ukraine and Russia declined by more than 2.0 billion euros ($2.7 billion), according to data compiled by the Committee on Eastern Europe Economic Relations. Exports to Ukraine plunged by 31 per cent or by 500 million euros and exports to Russia were down 14 per cent or by 1.7 billion euros, the committee calculated.     — AFP