Klinova Marina, Sidorova Elena
Russia - European Union: The continuation of the sanctions standoff // Voprosy Economiki. – 2017. – № 6. – P. 114-127.
Publication Type:


ISSN 0042-8736

The article deals with economic sanctions and their impact on the state and prospects of the neighboring partner economies — the European Union (EU) and Russia. It provides comparisons of current data with that of the year 2013 (before sanctions) to demonstrate the impact of sanctions on both sides. Despite the fact that Russia remains the EU’s key partner, it came out of the first three partners of the EU. The current economic recession is caused by different reasons, not only by sanctions. Both the EU and Russia have internal problems, which the sanctions confrontation only exacerbates. The article emphasizes the need for a speedy restoration of cooperation. 

Keywords: sanctions | public sector | Russia | EU | foreign economic activity | structural reforms | modernization |

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