German economy minister, business delegation to visit Russia

Economic IndicatorsAssociated Press

Germany's economy minister plans to travel to Russia next week with a business delegation, a trip that comes as Western sanctions and a weak Russian currency have weighed on trade.

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The Economy Ministry said Friday that Sigmar Gabriel, who is also Germany's vice chancellor, will visit Moscow on Sept. 21 and 22. It said that he plans talks with several members of the Russian government, whom it didn't name, on "bilateral economic relations between Russia and Germany, as well as with the European Union."

Gabriel also plans to meet representatives of German companies based in Russia.

Russia was Germany's No. 13 trading partner last year, far behind the U.S., China and other European nations. Trade between the two has contracted further this year.