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Over 500 Estonian companies continue doing business with Russia

Monday, 4 September 2023, 16:49

More than five hundred Estonian companies still do business with Russia, generating dozens of millions of euros a month.

Source: Külli Kurvits, Head of Customs Formalities Department at the Tax and Customs Board in Estonia, reports ERR

Details: From 500 to 600 Estonian companies are trading with Russia. Indicators of monthly exports of goods from Estonia to Russia valued EUR 50-70 million have remained unchanged since the beginning of the full-scale Russian invasion of Ukraine.


Quote: "About 75 percent or even more of the volumes of goods that we see at our border are goods of companies from other [EU] member states", Kurvits said.

The statistics department says the percentage of services sold by Estonian companies in the Russian Federation decreased compared to 2022, and 90% of those companies work in the area of transport and tourism.

"In the first quarter of last year, services were exported to Russia for nearly EUR 99 million, and in the first quarter of this year – for EUR 47 million, or almost two times less," said department analyst Jane Leppmets.

Earlier, it was reported that Estonian Prime Minister Kaja Kallas attended a meeting of the anti-corruption committee of the country's parliament, the Riigikogu, in connection with the scandal around her husband's "Russian business."

Opinion polls have shown that the scandal has not yet hit the ratings of the Reform Party, but most citizens believe that Kallas herself should resign.

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