TRADE BETWEEN LATVIA AND RUSSIA AFTER THE MUTUAL ECONOMIC SANCTIONS. QUICK CHANGES TO STOP LOSSES

Virginia Campeanu

Revista de Economie Mondiala / The Journal of Global Economics, 2018, vol. 10, issue 3, 39-56

Abstract: After the Ukraine crisis and the annexation of Crimea by the Russian Federation in 2014, the European Union imposed economic sanctions on it. In turn, Russia took retaliatory measures, materialized in the ban on imports of agri-food products from the EU-28 member countries. This article aims to highlight the effects of these measures on a small Baltic country, Latvia, that is a member of the European Union since 2004 and is considered to be the most "Russophone" in terms of ethnic composition and economic, yet not political, dependence on Russia. Given that growth of Latvia is based on exports, and the Russian Federation is its main non-EU trading partner, our research focuses on: a) analyzing the effects of the Russian embargo on bilateral trade, and b) pointing out Latvia's rapid strategic reorientation to counteract the negative effects.

Keywords: trade; protectionism; Latvia; European Union; Russian Federation (search for similar items in EconPapers)
JEL-codes: F13 F14 F51 O52 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://iem.ro/rem/index.php/REM/article/view/678/759 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:10:y:2018:i:3:p:39-56

Access Statistics for this article

Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD

More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC.
Bibliographic data for series maintained by Ionela Baltatescu ( this e-mail address is bad, please contact ).