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Possible Scenarios For Developing EU Trade Relations With Russia

Author

Listed:
  • Donka Zhelyazkova

    (University of Economics)

  • Sergey Piddubrivnyy

    (University of Economics)

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.

Suggested Citation

  • Donka Zhelyazkova & Sergey Piddubrivnyy, 2021. "Possible Scenarios For Developing EU Trade Relations With Russia," Business Management, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 58-77.
    • Handle: RePEc:dat:bmngmt:y:2021:i:4:p:58-77
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    File URL: http://hdl.handle.net/10610/4590
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    More about this item

    Keywords

    trade relations; European Union; Russia;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • P45 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - International Linkages

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