Trade between Russia and Germany has increased by about a quarter in the past 12 months. The surge came despite sanctions which the European Union imposed against Moscow for its alleged role in the Ukraine conflict.
Following years of slumping trade activity, the exchange of goods and services between Russia and Germany saw a considerable increase in 2017.
Schepp added that fresh impetus is bound to come with the 2018 World Cup due to be held in Russia this summer. He mentioned the large number of German companies helping to provide vehicles, machinery and chemical products for the building projects surrounding the sporting events.