Vol. 2, Issue 8 (2015)
Energy Trade Problems Analysis of the European Union-Russia
Author(s): Lembo Tanning, MSc. Toivo Tanning
Abstract: Purpose is to analyze energy trade between European Union (EU) countries and Russia with emphasis on the EU energy security and the effects of sanctions on Russian economy. The international sanctions are imposed against Russia following Russia's annexation of Crimea and the Russian military intervention in Ukraine. The focus is energy trade between the EU and Russia. Energy security is always one of the most important problems for the EU. With regard to acute political and economic situation in Eastern Europe, with the EU and Russia on mutual economic partial blockade, has become very topical, what is the position of energy in the European countries. rnWhat are the prospects for a partial boycott of resources? What you can expect from Russia? How are you doing Russian foreign trade and business? Have it has affected the sanctions or boycott? That's what we look at on the basis of the EU and Russia to August 2015. That's why we look at the beginning of the whole economy, and then external trade. We analyze Russia, which has the EU largest energy suppliers. What are the prospects for a partial boycott of resources?