Expert: Russia and Europe will repeat the 2018th "trade success"

Expert: Russia and Europe will repeat the 2018th "trade success"


Business will continue to “circumvent” sanctions, including with the help of “gray schemes”, analysts say.

By the end of 2019, trade between Russia and the European Union could grow by 10-20% compared to 2018, predicts the managing partner of the WMT Consult analytical agency Ekaterina Kosareva.

Economic relations will continue to develop despite the lack of expectations for the mutual lifting of sanctions, the expert is sure. - This year we are “celebrating” the fifth anniversary of Western sanctions. Despite the official chill in relations, Russian and European companies need each other, and no political and geopolitical nuances can prevent this, - said Ekaterina Kosareva.

To get around the restrictions, the business often goes into a “gray plane”, added the interlocutor of “Logirus”. For example, European companies do not open their own branches in the Russian Federation, as it was before, but create Russian legal entities that are not officially related to the EU. Evaluating the “trading” results of 2018, the expert explained the 20% growth by the “low base effect”.

Since in 2017, the trade turnover was relatively small - € 231.2 billion. And this is despite the fact that in the same year Russia became the leader in terms of trade restrictions in relation to the EU, ahead of China, India and the United States.

Recall, according to the Ministry of Economy, as of the end of 2018, 62 countries applied 159 trade restrictions on Russian products.

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