TRADE BETWEEN LATVIA AND RUSSIA AFTER THE MUTUAL ECONOMIC SANCTIONS. QUICK CHANGES TO STOP LOSSES
Journal: RePEc: Research Papers in Economics
Year: 2018

After the Ukraine crisis and the annexation of Crimea by the Russian Federation in 2014, the European Union imposed economic sanctions on it. In turn, Russia took retaliatory measures, materialized in the ban on imports of agri-food products from the EU-28 member countries. This article aims to highlight the effects of these measures on a small Baltic country, Latvia, that is a member of the European Union since 2004 and is considered to be the most "Russophone" in terms of ethnic composition an