Golubkin A.V., Knyazev Yu.K. TRADE RELATIONS BETWEEN THE CEE COUNTRIES AND RUSSIA AT A CROSSROADS

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 2/2023. World Economy.

Alexander V. Golubkin

Researcher, Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

Yuriy K. Knyazev

Dr. Sci. (Econ.), Chief Researcher, Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

TRADE RELATIONS BETWEEN THE CEE COUNTRIES AND RUSSIA AT A CROSSROADS

149-166

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Abstract

The article is devoted to the statistical analysis of the current state of trade cooperation between the countries of Central and Eastern Europe and Russia over the past 15 years. The authors provide comparative characteristics of the results of mutual trade over the past 15 years with regard to dynamics of trade turnover, exports, imports and commodity composition of trade (on a county-by-country and period-by-period basis). The long-term trend of reducing the volume of trade turnover and Russian exports with a simultaneous increase in the CEE countries’ exports to Russia was revealed, the structure of commodity supplies was analised. It was demonstrated that the primarily raw material Russian export is unpromising in the context of the unfolding "green energy transition" in the European Union. It also pointed out a trend of curtailing mutual trade relations, which began in 2022 due to the sharp escalation of the conflict between Russia and the collective West.

Keywords: Central-Eastern Europe, European Union, Russia, foreign trade, commodity turnover dynamics, mutual supply structure, old and new difficulties.

JEL: F14, F21.

EDN: WNJCDN

DOI: https://doi.org/10.52180/2073-6487_2023_2_149_166

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Manuscript submission date: 03.03.2023

For citation:

Golubkin A.V., Knyazev Yu.K. Trade relations between the CEE countries and Russia at a crossroads // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. № 2. Pp. 149-166. (In Russ.). https://doi.org/10.52180/2073-6487_2023_2_149_166 EDN: WNJCDN

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