Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientation

This article analyses the evolution of bilateral trade relations, registered over the last 20 years, between the Republic of Moldova and the Russian Federation, revealing the existing impediments to their optimal development. Trade relations between these two countries entered the uncertainty zone...

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Main Authors: DORINA CLICHICI, VICTORIA IORDACHI
Format: Article
Language:English
Published: Nicolae Titulescu University 2019-06-01
Series:Global Economic Observer
Subjects:
Online Access:http://www.globeco.ro/wp-content/uploads/vol/split/vol_7_no_1/geo_2019_vol7_no1_art_003.pdf
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author DORINA CLICHICI
VICTORIA IORDACHI
author_facet DORINA CLICHICI
VICTORIA IORDACHI
author_sort DORINA CLICHICI
collection DOAJ
description This article analyses the evolution of bilateral trade relations, registered over the last 20 years, between the Republic of Moldova and the Russian Federation, revealing the existing impediments to their optimal development. Trade relations between these two countries entered the uncertainty zone in the last decade. They are significantly affected by the political tensions between the Republic of Moldova and the Russian Federation, which generated the application by the Russian Federation of embargoes, prohibitions and import taxes on Moldovan products. The high share of Moldovan exports oriented to a single market destination - the Russian Federation, revealed the Moldova's commercial dependence on it until 2014, when exports have been reoriented to the EU following the signing of the Association Agreement. However, taking into account the dependence of the Moldovan economy on the Russian Federation's mineral resources and the Russian market size, which cannot be neglected, Moldova must strive to normalize economic relations with this country.
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spelling doaj.art-15986d75db2543769bc26852e0dec2ca2022-12-21T20:46:32ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502019-06-01712836Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientationDORINA CLICHICI0VICTORIA IORDACHI1Institute for World Economy Romanian Academy ROMANIA dorina.clichici@iem.roNational Institute for Economic Research Ministry of Education, Culture and Research REPUBLIC OF MOLDOVA timush_v@yahoo.co.ukThis article analyses the evolution of bilateral trade relations, registered over the last 20 years, between the Republic of Moldova and the Russian Federation, revealing the existing impediments to their optimal development. Trade relations between these two countries entered the uncertainty zone in the last decade. They are significantly affected by the political tensions between the Republic of Moldova and the Russian Federation, which generated the application by the Russian Federation of embargoes, prohibitions and import taxes on Moldovan products. The high share of Moldovan exports oriented to a single market destination - the Russian Federation, revealed the Moldova's commercial dependence on it until 2014, when exports have been reoriented to the EU following the signing of the Association Agreement. However, taking into account the dependence of the Moldovan economy on the Russian Federation's mineral resources and the Russian market size, which cannot be neglected, Moldova must strive to normalize economic relations with this country.http://www.globeco.ro/wp-content/uploads/vol/split/vol_7_no_1/geo_2019_vol7_no1_art_003.pdftrade relationsRepublic of MoldovaRussian Federationeconomic crisisembargoAssociation Agreement with the EU
spellingShingle DORINA CLICHICI
VICTORIA IORDACHI
Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientation
Global Economic Observer
trade relations
Republic of Moldova
Russian Federation
economic crisis
embargo
Association Agreement with the EU
title Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientation
title_full Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientation
title_fullStr Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientation
title_full_unstemmed Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientation
title_short Trade relations of the Republic of Moldova with the Russian Federation: from dependence to export reorientation
title_sort trade relations of the republic of moldova with the russian federation from dependence to export reorientation
topic trade relations
Republic of Moldova
Russian Federation
economic crisis
embargo
Association Agreement with the EU
url http://www.globeco.ro/wp-content/uploads/vol/split/vol_7_no_1/geo_2019_vol7_no1_art_003.pdf
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