The complicated Russia-EU trade relationship


Yuganskneftegaz pumping station in Priobskoe oilfield some 200 km from Nefteyugansk, Russia. A significant part of EU-Russia trade is accounted for by energy materials – mostly natural gas and oil.

Article by Permanent Representative of the Russian Federation to the European Union Ambassador Vladimir Chizhov,20 February 2016

Let me start by quoting the EU Trade and Investment Strategy approved by the EU Council on 27 November 2015: “The EU’s strategic interest remains to achieve closer economic ties with Russia. The prospects for this will, however, be determined primarily by the course of Russia’s domestic and foreign policy, which so far gives no signs of necessary changes. The developments within the Eurasian Economic Union also have to be reflected upon”. This is all that the European Commission can say at the m...

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