... Policy Brief #25/2020
Policy Brief #25/2020
A Russia-EU-Africa Strategy for Economic Development and Prosperity
Russia and the European Union are in the ambitious pursuit of Africa’s heart. Both parties continue to pursue their own rigorous cooperation ... ... as prepare the legal framework for spearheading updated trade agreements with the rapidly developing continent. Opening the EAEU market to African countries could also help the continent achieve its goal of economic diversification and added-value chains....
... Opportunities, Limitations and Possible Trends
2020
: Russia’s involvement in the global economy remains lower than before the crisis began. Preliminary results for 2019 suggest... ... last year (by $23 billion). And while trade with China has grown significantly, the European Union remains Moscow's main trade partner (making up approximately two-fifths... ... economic cooperation with China, Iran, and so on. However, the share of Russia’s EAEU partners in its foreign trade turnover at the end of 2019 was less than 8 per cent...
... and far-sighted today, combining the capacities of the two largest integration projects coexisting on our continent – the EAEU and the EU.
It is worth noting that the EU is taking certain steps in this direction, promoting the project called “Europe ... ... far as Russia-EU and, relevantly, EAEU-EU interaction is concerned, the following is clear. For 30 years our country and the European Union have remained key economic partners, but the recovery growth factor in mutual trade recorded over the past couple ...
... countries was $36.5 billion at year-end 2018, while its trade turnover with the European Union was $17.3 billion (24.2 percent of the state’s total trade turnover). At the same time, Belarus sells mostly raw materials and semi-finished products to the European Union, while it mostly sells high added-value goods to Russia and EAEU countries – engineering, MIC and agricultural products.
Russia is the principal investor in the Belarusian economy. Rosatom is finishing construction of the first Belarus NPP in Astravets (financed through a Russian loan of over $10 billion). The Belarusian government
estimates
that it will cut purchases of Russian gas by 5.5 billion cubic meters annually....