Trade Relationship between the European Union and Russia

Russia’s economy is very complex and also very terrible at the same time. Many other economy’s are also like this but Russia’s is a very interesting thing to learn about. Russia’s economy has many things wrong with it that in the long run could probably affected it in a negative way. But it also has many positive things about it.The negatives and the positives are, in my opinion, are equal in Russia economy.

To this day Russia remains to be one of the bigger threats to our military with about 1.5 million personnel in their armed forces combined. This number includes ground forces, navel force, air force and ada forces. They remain one of the stronger forces due to their allotments to their ministry of defense with over 19 billion yearly in maintenance and salary of their forces. The country covers more than 17 million square kilometers with 10 percent of that being swamp lands and 45 percent being Forrest. Still with unemployment rates right around 8 percent Russia remains self-sufficient from a fuel and energy standpoint with their production of coal, natural gas, oil fuels. Coal makes up more than 18 percent of their main electric needs for their country. Transportation in the country continue to be a ever growing thing with over 900 thousand kilometers of roadways, eighty thousand kilometers of railways and over twenty five hundred airports in the country. With many religions as expected with such a big country the predominate on considers themselves as Russian orthodox which makes up about 75 percent, 19 percent consider themselves to be Muslim and 7 percent fall under other.

Russia has built a strong, but stagnating economy on several natural resources to include the refinery and export of natural gas and oil. According to the Jim Picht (2014) exportation of natural gas and oil to Eastern Europe account for 70 percent of Russia’s exports and 53 percent of the government’s revenue. Along with exporting oil to Eastern Europe, Russia also exports too many countries to include China and Belarus. Europe fueled majority by Russian supplied natural gas and oil, the dependency of Europe’s need for this natural resource is the reason Russia’s economy is so strong. In 2014, when Russia decided to invade the neighboring country of Ukraine has led Europe to begin searching for other suppliers of their natural resources. If Europe finds other countries to supply the natural resources

Judging by these figures, Russia’s economy wasn’t too dreadful and seemed to be, if anything, improving.

The country’s Greek Orthodox roots are seen in the architecture of the buildings. The ornate buildings help draw tourist to visit Russia. Russia is still arguing with Japan over several islands and the two countries have not signed a peace treaty officially ending World War II. Russia’s communist history has had the biggest impact on modern Russia. The economy is still recovering from communism and trying to modernize after years of lack of competition. The government still owns energy and defense companies, which are some of the largest and most important businesses in the country. The relationships with other countries are still affected by the distrust from the Cold War years. Russia’s leaders are fighting to get the Ukraine back and reassemble at least some of the former Soviet

Rosneft, Russia 's leading oil producer and the world 's largest listed oil firm by output, posted 1 billion rubles ($22.6 million) in third quarter net profit, after taking a hit of 95 billion rubles in foreign exchange losses. Reuters had expected Rosneft to suffer a net loss of 3.6 billion rubles. Novatek, Russia 's second largest gas producer, posted 7.6 billion rubles in net profit. Some Russians are closing accounts, preferring to keep their money in safety deposit boxes or to convert rubles into foreign currencies. Both Sberbank and VTB, Russia 's largest banks, facing a shortage of foreign currency — U.S. dollars in particular — as Western markets are

Russia is the largest country by land area but ranks 10th in GDP in the world at $1.9 trillion, with growth at 4.7%. At one point they were one of the two world superpowers but after the fall of the Soviet Union, it has been a hard journey to become a fully developed nation. Russia’s main economic output comes from it’s vast reserves of oil, natural gas, coal, timber, and more recently diamonds. Russia currently has the largest reserves and is the largest exporter of natural gas. They have the second largest reserves of coal, the ninth largest reserves of oil, and is actually the largest exporter of oil by barrels. Russia is also a producer of rare earth mineral and gold, 90% of which are exported to the United States. By far the biggest manufacturing sector is for

In the last ten years, Russia has become: the largest oil producer, the second largest natural gas distributor and the third highest steel exporter in the world. Moreover, the country has enormous untapped reserves of: oil, natural gas, coal, iron ore and cooper. However, the economic base is split between producers that are focused on exporting certain products abroad. While the rest of the manufacturing sector, is concentrated in domestic markets (which is not as competitive). As a result, the Russian

This is in context to the trade agreement between the European Union and Ukraine. The European Union has continued to expand eastward and this has been one of the causes of the reaction from Russia. Russia also has feared that the expansion of the European Union will cause NATO to expand into Ukraine as well (Higgins and Herszenhorn). In this even realist theory does an excellent job of explaining the actions taken by Russia.

And according to President Putin in 2015 Russia’s arms exports surged to around $56 billion dollars in revenue. The reason that Russia’s arms trade is so vast is because it is in competition to the United States which is the

Since January 1, 2015 the contract on the Eurasian Economic Union came into force. The contract on EAEU was signed by Presidents of the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation on May 29, 2014 in Astana. The Eurasian Economic Union is the international organization of the regional economic integration. The union is urged to create conditions for stable development of economies of member states. It means union interested in increasing of a standard of their population, and also in comprehensive modernization, cooperation and increasing of competitiveness of national economies in the conditions of global economy.

However, even though Russia has a rapidly growing economy, Russia is currently experiencing decreasing Green Index Scores. Seventh Generation is a strong brand that has a powerful focus, and it could start a positive environmental revolution in Russia as the country gets more developed. Russians are brand oriented, and the Russian consumers purchase products with Brands in mind at the beginning. Additionally, this country has a high power distance score, a very low individualism score, and an increasing power distance score. The high uncertainty is due to Russia being

The political relations between Ukraine and Russia as the two independent subjects of international relations were established in 1991 after the eighth December of the same year signed the Belavezha agreement between Russia, Ukraine and Belarus, which marked the end of the existence of the Union of Soviet Socialist Republics as " subject of international law and geopolitical reality "and the establishment of the Commonwealth of Independent States. From that moment we can talk about the beginning of the existence of full political relations between Russia and Ukraine.

Cooperation with the EU. EU-Belarus relations are currently governed by the Conclusions of the Foreign Affairs Council adopted on 15 October 2012. Ratification of an EU-Belarus Partnership and Cooperation

Due to the current restricted policies for the mining sector and financial disputes in mining projects, foreign investors are withholding their capital and suspending their operations in the country. As a result of these policies, the Foreign Direct Investment (FDI) had contracted by nearly 45% in 2013 (U.S. Department of State, Investment Climate Statement, 2014).