The article deals with the issue of risk management in trade and economic interaction between Russia and the European Union countries as participants in global value chains (GCS). The authors attempt to identify, identify and classify the main risks that arise as a result of Russia’s participation in international value chains together with the countries of the European Union. The emphasis is placed on the risks of including Russia in the GCC in the «ascending» version (based on value- added exports), that is, on the risks that are most controlled by the Russian side. The possibilities of managerial influence on these risks on the part of Russian economic policy actors are shown using the example of development institutions.