Russia in World Trade

Arne Melchior ()
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Arne Melchior: Norwegian Institute of International Affairs (NUPI)

Chapter Chapter 12 in The Contemporary Russian Economy, 2023, pp 227-245 from Springer

Abstract: Abstract Transition has increased Russia’s openness and tradetrade, but Russia is still a medium-sized trader and not a giant in the field. However, Russia is a very large commodity exporter. Russia’s foreign tradetrade grew exponentially from 1991 to 2012, and then slowed down. Fuel exports with rising commodity prices were a strong driver and led to fluctuations over time. During the first stage of transitiontransition, Russia turned to Western EuropeEurope, and later ChinaChina entered the field, both at the expense of tradetrade with the former Soviet UnionSoviet Union (FSU). Russia has benefited from China’s growth and could likely benefit from further trade integration with Western Europe as well as China.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-17382-0_12

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DOI: 10.1007/978-3-031-17382-0_12

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