POSSIBLE SCENARIOS FOR DEVELOPING EU TRADE RELATIONS WITH RUSSIA

Authors

Keywords
trade relations, European Union, Russia

Abstract
The study presents general scenarios for the future development of EU trade relations with Russia, which are conditionally marked as ‘stagnation’, ‘optimistic’ and ‘pessimistic’. The dynamics of the sanctions regime is used as a key indicator for distinguishing these scenarios. We associate the first scenario, called ‘stagnation’, with the expectations of a serious slowdown in the economic growth of the EU and Russia. The second, described as ‘optimistic’, is based on expectations for a gradual recovery and development of the trade relations between the two countries over a long period of time. The third scenario is defined as ‘pessimistic’, given the consolidated tightening of anti-Russian sanctions within the transatlantic alliance and the expansion of Russia’s countermeasures.

JEL: F14, N74, O24, P45, P52.
Pages: 20

To view the full text of the article click on the relevant button below.

More titles

  • CHALLENGES FACING RETAILERS’ ASSORTMENT SUPPLY IN THE OMNICHANNEL AGE

    Thå following article presents the results of a study aimed at making a theoretical and empirical interpretation of retailers’ assortment supply in omnichannel environment. On this basis, the most prominent challenges and issues are brought to the fore by applying a combination of a review of specialized economic theory and by giving examples from ...

  • IMPACT OF COVID-19 ON THE GLOBAL ECONOMY

    The impact of the global crisis caused by the COVID-19 pandemic is pervasive and affects all countries and economic sectors. However, some businesses, that have been more resilient to its adverse effects than others, for which the negative effect has been catastrophic, can stand out. There are also differences in the size of the companies, as the ...

  • STRATEGIC MARKETING RELATIONS IN THE BEEKEEPING SECTOR IN RUSE DISTRICT

    Farms are facing a marketing problem (difficult realization and low competitiveness), which requires strategic relationship marketing at sectoral (beekeeping, etc.) and regional level - Ruse district, etc. The aim is to study the role and importance of vertical relationships for developing the beekeeping sector in Ruse district. The grounds for ...