Possible Scenarios For Developing EU Trade Relations With Russia

Donka Zhelyazkova and Sergey Piddubrivnyy
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Donka Zhelyazkova: University of Economics
Sergey Piddubrivnyy: University of Economics

Business Management, 2021, issue 4 Year 2021, 58-77

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.

Keywords: trade relations; European Union; Russia (search for similar items in EconPapers)
JEL-codes: F14 N74 O24 P45 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:dat:bmngmt:y:2021:i:4:p:58-77

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