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EU-Russia trade continuing despite sanctions

14-11-2017

Since 2014, trade between the EU and Russia has slumped due to the difficult context (an economic downturn in Russia, EU sanctions over Ukraine and Russian counter-sanctions, and long-standing trade barriers), but remains substantial. Trade started to recover in early 2017. This publication updates an 'At a glance' note of January 2016, PE 573.931.

Since 2014, trade between the EU and Russia has slumped due to the difficult context (an economic downturn in Russia, EU sanctions over Ukraine and Russian counter-sanctions, and long-standing trade barriers), but remains substantial. Trade started to recover in early 2017. This publication updates an 'At a glance' note of January 2016, PE 573.931.

EU relations with Armenia and Azerbaijan

30-10-2017

The EU is currently reshaping its relationship with Armenia and Azerbaijan through new agreements for which the negotiations ended (Armenia) or started (Azerbaijan) in February 2017. After Yerevan’s decision to join the EAEU (thereby renouncing to sign an AA/DCFTA), the initialling of the CEPA provides a new impetus to EU-Armenia relations. It highlights Armenia’s lingering interest in developing closer ties with the EU and provides a vivid illustration of the EU’s readiness to respond to EaP countries ...

The EU is currently reshaping its relationship with Armenia and Azerbaijan through new agreements for which the negotiations ended (Armenia) or started (Azerbaijan) in February 2017. After Yerevan’s decision to join the EAEU (thereby renouncing to sign an AA/DCFTA), the initialling of the CEPA provides a new impetus to EU-Armenia relations. It highlights Armenia’s lingering interest in developing closer ties with the EU and provides a vivid illustration of the EU’s readiness to respond to EaP countries’ specific needs and circumstances. The CEPA is also a clear indication that the EU has not engaged in a zero-sum game with Russia and is willing to exploit any opportunity to further its links with EaP countries. The launch of negotiations on a new EU-Azerbaijan agreement – in spite of serious political and human rights problems in the country – results from several intertwined factors, including the EU’s energy security needs and Baku’s increasing bargaining power. At this stage, Azerbaijan is interested only in forms of cooperation that are not challenging the political status quo. However, the decline in both world oil prices and domestic oil production in this country is creating bargaining opportunities for the EU in what promises to be a difficult negotiation.

Parlamendiväline autor

Leila ALIEVA, Senior Common Room Member at St. Antony’s College, University of Oxford Laure DELCOUR Research Fellow, Fondation Maison des sciences de l’homme (FMSH); Hrant KOSTANYAN, Researcher, Centre for European Policy Studies (CEPS)

Capital Markets Union [What Think Tanks are thinking]

13-01-2017

Since the 2008 financial crunch and the ensuing recession, the European Union has been overhauling its regulation of financial markets to try to avoid any repetition of the crisis and to shore up economic growth. The current European Commission has prioritised the creation of Capital Markets Union, which would encourage companies to invest and create jobs by making it easier for them to raise funds on stock and bond markets. The Commission's Action Plan on Building a Capital Markets Union includes ...

Since the 2008 financial crunch and the ensuing recession, the European Union has been overhauling its regulation of financial markets to try to avoid any repetition of the crisis and to shore up economic growth. The current European Commission has prioritised the creation of Capital Markets Union, which would encourage companies to invest and create jobs by making it easier for them to raise funds on stock and bond markets. The Commission's Action Plan on Building a Capital Markets Union includes 33 actions and related measures, which aim to put in place the building-blocks of an integrated capital market within the EU by 2019. This note offers links to a selection of recent commentaries, studies and reports, from some of the major international think tanks and research institutes, which discuss the Capital Markets Union and related reforms.  Some older papers on the topic can be found in a previous edition of 'What Think tanks are Thinking.'

EU-Russia trade

20-01-2016

Trade between the EU and Russia has decreased due to the difficult context (tensions over Ukraine, long-standing trade barriers, EU sanctions, Russian counter-sanctions banning EU agri-food products, recession in Russia), but remains substantial. This publication updates an 'At a glance' note of May 2015, PE 557.023.

Trade between the EU and Russia has decreased due to the difficult context (tensions over Ukraine, long-standing trade barriers, EU sanctions, Russian counter-sanctions banning EU agri-food products, recession in Russia), but remains substantial. This publication updates an 'At a glance' note of May 2015, PE 557.023.

The Signature of the Eurasian Union Treaty: A Difficult Birth, an Uncertain Future

16-07-2014

The smiles at the signing ceremony for Eurasian Union Treaty held on 29 May 2014 revealed little of the arduous negotiations that had led to the agreement – or of its uncertain future. Present in Astana were the presidents of the same three countries that had formed the Customs Union, in force since 2010: Belarus, Kazakhstan and Russia. The media offered pictures of the cheery trio joining hands, cementing the agreement that Russian President Vladimir Putin had strongly advocated. But the next steps ...

The smiles at the signing ceremony for Eurasian Union Treaty held on 29 May 2014 revealed little of the arduous negotiations that had led to the agreement – or of its uncertain future. Present in Astana were the presidents of the same three countries that had formed the Customs Union, in force since 2010: Belarus, Kazakhstan and Russia. The media offered pictures of the cheery trio joining hands, cementing the agreement that Russian President Vladimir Putin had strongly advocated. But the next steps will be difficult, not least because of the terms to be offered to Armenia and Kyrgyzstan – the two countries that have agreed to join the Customs Union and the Eurasian Union. Several economic and political issues, with important regional implications, will need to be solved before the ‘first enlargement’. The treaty’s provisions are vague about the Union’s real content and will also need to be clarified in the months ahead – preferably before the Eurasian Union enters into force, on 1 January 2015. Conceived in haste in response to Moscow’s pressure, the Union is experiencing a dilemma that its model, the European Union, has also faced: should the union deepen or enlarge? Or how can it cope if it chooses to do both?

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