The Empirical Evidence of EU–Russia Bilateral Trade under Sanctions and Oil Price Shocks
Journal: Sustainability
Year: 2022

After the annexation of Crimea in 2014, many EU–Russia projects such as the concept of Strategic Partnerships, negotiations on the New Basic Agreement, and the abolishment of visa regime, among other important issues, were suspended. On top of that, the parties involved imposed mutual sanctions which seriously damaged bilateral trade relationships. The present article aims to analyse EU–Russia bilateral trade under the sanctions and low oil prices together with such factors as the growth of Russ