Course summary European Union - Russia trade relations Agreement:
Russian Federationa and European Union. Russia is the EU’s third biggest trade partner
Russia is the EU’s third biggest trade partner, with Russian supplies
of oil and gas making up a large percentage of Russia’s exports to Europe.
In 2010, both imports and exports rose by approximately 32 % compared to 2009,
after having been hit by the global economic crisis. Russia enjoyed a trade
surplus of 68 billion EUR with the EU. Russia’s total account surplus rose by
47% compared to 2009 and reached $ 79 billion in 2010.
More specifically, Russia is the EU’s most important single supplier of energy
products, accounting for over 25% of the EU consumption of oil and gas.
EU exports to Russia are diversified, covering nearly all categories of
machinery and transport equipment (42.9%), manufactured goods, food and live
animals.
The EU and Russia co-operate on dealing with a number of challenges, both at
international level, as well as in EU’s common neighbourhood.
The EU and Russia concluded a Partnership and Co-operation Agreement in 1994.
Negotiations on a New EU-Russia Agreement were launched at the Khanty-Mansyisk
Summit in June 2008. The New Agreement should update and replace the existing
Partnership and Cooperation Agreement. It should provide a comprehensive
framework for EU-Russia relations, and include substantive, legally binding
commitments in all areas of the partnership, including political dialogue, JLS
issues, economic cooperation, research, education and culture, as well as solid
provisions on trade, investment and energy.
Example of the course European Union - Russia trade relations
Agreement:
EENI International Business
Course learning materials: 
