TRADE BETWEEN CENTRAL AND EASTERN EUROPEAN COUNTRIES AND THE RUSSIAN FEDERATION IN THE CONTEXT OF SANCTIONS AND COUNTER-SANCTIONS
Journal: The Annals of the University of Oradea Economic Sciences
Year: 2021

The year 2014 marked the deepest crisis in EU-Russia relations since the dissolution of the Soviet Union. The bilateral relations cooled down because of the Ukrainian conflict. The EU started to impose restrictive measures on Russian Federation and Russia has responded by imposing counter-sanctions. The sanctions imposed by European Union in conjunction with the counter-sanctions adopted by the Russian Federation on EU food imports had massive consequences on the bilateral trade. The main purpos