Russian-Greek economic cooperation: Is there still room for optimism?

Kvashnin Yuri (Ph.D in History)

(Head, European Union Studies Department, IMEMO RAN, RIAC Expert)

Today the Russian-Greek economic relations are affected by a triple crisis: the ongoing crisis in Greece, the crisis in Russian–EU relations and Russia's economic hardships.

As for the first one, at the beginning of this year Greece's economic prospects looked bright. 2013 was the first year when Greece achieved primary surplus of 1.5 billion euro. In the passing year it showed new signs of recovery. In mid-December Greece's central bank slightly raised its forecast for economic growth this year to 0.7 percent and predicted growth of 2.5 percent in 2015... Read more