{"id":128969,"date":"2021-06-16T07:52:51","date_gmt":"2021-06-16T07:52:51","guid":{"rendered":"https:\/\/precoinnews.com\/?p=128969"},"modified":"2021-06-16T07:52:51","modified_gmt":"2021-06-16T07:52:51","slug":"so-much-for-friends-in-europe-eu-imports-more-from-putins-russia-than-uk-damning-graph","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/politics\/so-much-for-friends-in-europe-eu-imports-more-from-putins-russia-than-uk-damning-graph\/","title":{"rendered":"So much for friends in Europe! EU imports more from Putin’s Russia than UK – damning graph"},"content":{"rendered":"

Ursula von der Leyen left without seat at signing event<\/h3>\n

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And pro-Brexit think tank Facts4EU has said the revelation underlines the bloc’s “hostile attitude” towards the UK – and has urged Boris Johnson to tear up the trade deal which he signed in December and walk away on World Trade Organization (WTO) terms. Facts4EU analysed data from the Eurostat, the EU’s statistics division, which indicated in the first four months of the year, in the wake of the end of the transition period, EU imports from the United Kingdom dropped by 27.1 percent compared with the same period last year.<\/p>\n

Specifically, the EU sold goods valued at £75.8bn (€87.9bn) – but bought goods worth just £35.9bn (€41.7bn).<\/p>\n

Significantly, the amount of goods imported from Russia increased from £32.42 (€37.7) last year to £36.55 (€42.5) this year – an increase of 12.4 percent.<\/p>\n

David Evans, who wrote Facts4EU’’s report, said: “Incredibly and for the first time, Vladimir Putin’s Russia – a pariah state supposedly subject to EU sanctions – has overtaken the United Kingdom in sales to the EU27.<\/p>\n

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“It is now the third largest supplier to the EU, after China and the USA.<\/p>\n

“Russia’s economy is only 55 percent of the size of the UK’s economy.<\/p>\n

“And yet so far this year it has sold more goods to the EU27 than has the UK.”<\/p>\n

JUST IN: Brexit fury – Protesters urge Boris to pull plug EU rules<\/span><\/span><\/strong><\/p>\n

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Mr Evans pointed to three factors which he suggested might explain the drop-off in UK exports to the EU:<\/p>\n