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Russia and the EU

Latest business news about Russia and the European Union.

New EU gas rules could staunch Russian pipeline 10 November 2017, 00:05 CET
Changes to the Gas Directive proposed Wednesday to ensure that all major gas pipelines entering EU territory comply with EU rules could prove an obstacle to the Russian-backed Nord Stream 2 project.

EU extends sanctions on Russia for another six months 28 June 2017, 22:53 CET
The EU Council agreed a formal extension of economic sanctions on Russia Wednesday, targeting specific sectors of the Russian economy Wednesday, until 31 January 2018.

Brussels seeks mandate to negotiate with Russia on Nord Stream 2 12 June 2017, 00:32 CET
The European Commission asked EU Member States Friday for a mandate to negotiate with the Russia the key principles for the operation of the Nord Stream 2 gas pipeline project.

EU Court upholds sanctions against Russia's Rosneft 29 March 2017, 18:27 CET
The European Court of Justice on Tuesday declared valid EU sanctions against Russian companies in response to the crisis in Ukraine, including Rosneft, the state-owned Russian oil giant.

Russian pork ban illegal, WTO confirms 27 February 2017, 22:25 CET
Russia's 2014 import ban on live pigs, pork and other pig products from the European Union violates international trade rules, the World Trade organization's Appellate Body confirmed on Friday.

Russian import duties on German, Italian vans illegal, rules WTO 30 January 2017, 18:32 CET
Anti-dumping duties on vans imported from Italy and Germany, introduced by Russia in 2013, were declared illegal by a World Trade Organization panel saying the duties hindered exports of the vehicles.

EU formally extends sanctions against Russia 20 December 2016, 00:56 CET
The European Union prolonged economic sanctions targeting specific sectors of the Russian economy by a further six months on Monday, continuing its response to the crisis in Ukraine.

WTO rules Russian EU pork ban illegal 25 August 2016, 00:51 CET
Russia's import ban on live pigs, fresh pork and other pig products from the EU was declared illegal by the World Trade Organization Friday in the light of international trade rules.

EU slaps anti-dumping duties on Chinese, Russian steel 09 August 2016, 19:08 CET
The European Union slapped anti-dumping duties on 'cold rolled steel' from China and Russia on Thursday, with the stipulation that they should remain in place for five years.

Gas Interconnector Poland-Lithuania 15 October 2015, 13:54 CET
An agreement on the first pipeline connecting Poland and Lithuania was signed on 15 October by the European Commission and the Baltic states. The first gas interconnector between Poland and Lithuania will end the long lasting isolation of the Baltic Sea region and bring the energy needed for a new economic dynamism to the region.

Extension of safety net measures for dairy, fruit and vegetables 30 July 2015, 15:44 CET
Safety net measures for the European dairy, fruit and vegetables sectors will be extended into 2016. The European Commission says it is currently finalising the last details with a view to formally adopting the relevant legal decisions in the coming weeks as a matter of formality.

Gazprom: European Commission Statement of Objections 22 April 2015, 13:15 CET
The European Commission has sent a Statement of Objections to Gazprom alleging that some of its business practices in Central and Eastern European gas markets constitute an abuse of its dominant market position in breach of EU antitrust rules.

EU sanctions against Russia impact on reported restructuring job losses in Europe - Eurofound ERM Quarterly 05 February 2015, 22:02 CET
Dramatic recent oil price declines have seen deflation take hold in the EU. General price levels in December 2014 were 0.2% lower than a year earlier. This is further evidence of a tentative European economic recovery that appears to be running out of steam. Growth forecasts for the EU have been trimmed to 1.1% in 2015 after growth failed to reach even 1% in 2014. This issue includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/10/14 - 31/12/14); Sectoral distribution of job losses/job gains, and top five cases; Case in focus: Lloyds Banking Group and branch banking; Situation in focus: Restructuring arising from Russian sanctions; Restructuring support measures in focus: public employment incentives.

Ukraine - Russia gas deal 31 October 2014, 11:14 CET
A 4.6 billion dollar winter package was agreed at a Ukraine - Russia meeting brokered by the EU on 30 October, which secures gas for Ukraine - and ultimately also for Europe.

EUR 165m package for perishable fruit & vegetable market support 30 September 2014, 11:39 CET
The European Commission adopted on 30 September a new programme for emergency market measures for perishable fruit & vegetables in the wake of the Russian ban on imports of certain EU agricultural products.

Potential impact of the Russian measures against EU agricultural products 04 September 2014, 17:41 CET
On August 7, 2014, Russia announced the introduction of an import ban, applicable from August 8, on certain meat, dairy, fruit, vegetable and processed food products from the EU, USA, Canada, Australia and Norway. This guide addresses issues relating to these measures.

Cooperating against VAT Fraud 06 February 2014, 18:52 CET
As part of an intensified battle against tax fraud, the European Commission on 6 February 2014 launched the process to start negotiations with Russia and Norway on administrative cooperation agreements in the area of Value Added Tax (VAT). The broad goal of these agreements would be to establish a framework of mutual assistance in combating cross-border VAT fraud and in helping each country recover the VAT it is due. VAT fraud involving third-country operators is particularly a risk in the telecoms and e-services sectors. Given the growth of these sectors, more effective tools to fight such fraud are essential to protect public budgets. Cooperation agreements with the EU's neighbours and trading partners would improve Member States' chances of identifying and clamping down on VAT fraud, and would stem the financial losses this causes. The Commission is therefore asking Member States for a mandate to start such negotiations with Russia and Norway, while continuing exploratory talks with a number of other important international partners.

Russo-British Chamber of Commerce 04 September 2012, 19:16 CET
Business news and investment information about Russia and the Russian economy

Starting a business in Russia 04 September 2012, 19:07 CET
This World Bank site provides information about the procedures and costs associated with starting a business in Russia.

Russia: country overview 30 January 2017, 00:12 CET
Russia is the EU's biggest neighbour and third biggest trading partner, with Russian supplies of oil and gas making up a large percentage of its exports to Europe. The current legal basis for EU-Russia relations is the Partnership and Cooperation Agreement (PCA) which came into force in 1997, initially for 10 years.

EU-Russia Partnership - basic facts and figures 23 February 2011, 00:34 CET
The EU and Russia are not only neighbours but strategic partners who cooperate on a wide range of bilateral and global challenges, based on joint commitments and shared interests. The forthcoming executive-to-executive meeting in Brussels is the largest and most substantive ever. Such meetings between the Commission and the Government of the Russian Federation have been organized since 1997.

Russia-EU Trade - Eurostat 16 November 2009, 11:33 CET
The 27 Member States of the European Union had their deficit in trade in goods with Russia halved in the first six months of 2009. Russia is the third trading partner of the EU.

The EU's Trade Relationship with Russia 08 July 2011, 17:08 CET
The European Union and the Russian Federation have a strong trade relationship. Bilateral trade and investments continue to grow rapidly. Russia is one of the EU's key trading partners and trade between the two economies has showed steep growth rates until mid 2008. This trend was interrupted by the economic crisis and the unilateral measures adopted by Russia which have affected our bilateral trade.

Russia's Oil Barons and Metal Magnates: Oligarchs and the State in Transition 27 May 2008, 23:37 CET
Russian politics has been dominated over the last decade by the relationship between the oligarchs and the state. The existing literature is damning of the oligarchs on two grounds: they won their wealth and power corruptly, and rapaciously stripped the assets they had so dubiously obtained. "Russia's Oil Barons and Metal Magnates" contains a critical analysis of each of the claims made against them. In doing so, it presents a detailed analysis of the place of the oligarchs in both the metals sector and in the Russian political economy.

The EU-Russian Energy Dialogue: Europe's Future Energy Security (International Political Economy of New Regionalisms Series) 28 February 2008, 18:19 CET
EU-Russian energy dialogue represents a policy issue that forces us to take a serious look at several crucial questions related to the present and future of Europe such as: how can the EU area ensure its future energy security when it is running out of its own energy resources and at the same time incorporating new members who are also dependent on energy imports? This book not only outlines the overall characteristics of the energy dialogue, but also illustrates the involved policy implementation challenges by paying special attention to the regional context of northern Europe.Due to the many crucial policy issues, this study contributes to diverse fields such as international relations and political science, European studies, studies on energy politics, the international political economy, post-Soviet politics, and literature on regionalisation and regionalisms, with a special reference on northern Europe.