Development of Trade and Economic Relations of Russia with the Countries of the European Union: Problems and Prospects

摘要

The geographical proximity of Russia and the countries of the European Union contributed to the development of trade and economic bilateral relations, which have a significant impact on all spheres of interests of the participating parties. Currently, Russia and the EU are key trading partners, as evidenced by the high value of exports and imports. The European Union is the largest investment partner in Russia. However, relations between Russia and the European Union can hardly be called "stable". Throughout the history of the development of trade and economic relations between Russia and the European Union, certain disagreements have systematically arisen between the parties, which is primarily due to the relatively different views of the parties on the methods of introducing foreign policy. The most serious aggravation in trade and economic relations between Russia and the EU occurred in 2014. As a result of the political crisis in Ukraine, the European Union decided to reconsider bilateral relations with Russia and introduced a number of political and economic restrictions that had a significant impact on the state of trade and economic relations between the parties. The relevance of the research topic is due to the fact that the protracted political and economic tension between the European Union and Russia has a negative impact on the current state of trade and economic relations between the parties.