Yakubenko Vladlen Kusnetsova Sonya Rybakova Mary Smagina Julia Vyshenskaya Violetta Ishmoukhamedova Emilia
The questions for discussion: 1) Russia - EU relations 2) EU-Russia Energy Dialogue 3) Russia and the EU: to enter or nor to enter 4) Russia and the PIGS
Internal and external aspects of security Energy Economy Russia & the EU are major partners in
Sectoral dialogues • • Energy dialogue Transport dialogue Regulatory dialogue Dialogue on Industrial and Enterprise policy Dialogue on information society Environmental dialogue Other dialogues
Russia-EU trade in 2000 -2010 Source: Eurostat
Specific tasks for the nearest future: 1) transition to a visa-free regime 2) Interaction in the sphere of foreign policy 3) Economic and social development 4) to expand investment of capital in innovations 5) to enhance economic relations 6) to promote alignment of technical regulations and standards
The importance of energy relations
Russia & EU. Ro enter or not to enter – that is the question + =
‘PIGS’ crisis’s influence 1. Investors panic 2. Oil prices go down 3. Russian stocks and the ruble fall
$10 billion is a drop in the ocean compared with the volume of funds being spent to cure Europe's ailments. Eurozone bailout 1% Russia (10 billion) Total sum (trillion) 99%
Main conclusions: 1. The Russian Federation and the European Union are major partners in a number of key spheres, including economy, energy, internal and external aspects of security 2. The EU is the main importer of Russian energy resources, and Russia firmly holds the position of the biggest supplier of natural resources to the EU
Main conclusions: 3. There are many reasons ranging from geographical factors, to political, military and historical considerations why Russia is still not part of the European Union. Russian future is with Europe rather than out of it. 4. Greece has almost 100% default chance. The key aim is to avoid other countries’ default so that the consequences weren’t too disastrous.
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