Seven Steps Beyond the Crisis Horizon: Reflecting on Past Mistakes

... for 2019 suggest that foreign trade averaged $665 billion per year, compared to $783 billion in 2014. What’s more alarming, Russia’s foreign trade actually fell 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 of Russia's total foreign trade). Despite a very successful 2019, foreign direct investment (FDI) is also down significantly compared to 2014, not to mention 2013. ...