Russia - Britain: Economic Relations under Sanctions and Brexit

Britain has been able to remain one of Russia’ foreign trade leading partner so far and still one of the ten largest investors in our country. The article attempts to identify the factors driving shifts in the Russia-UK economic relations Over the recent two decades they have been abundant with ups...

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Main Author: E. S. Khesin
Format: Article
Language:English
Published: Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2019-06-01
Series:Контуры глобальных трансформаций: политика, экономика, право
Subjects:
Online Access:https://www.ogt-journal.com/jour/article/view/444
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author E. S. Khesin
author_facet E. S. Khesin
author_sort E. S. Khesin
collection DOAJ
description Britain has been able to remain one of Russia’ foreign trade leading partner so far and still one of the ten largest investors in our country. The article attempts to identify the factors driving shifts in the Russia-UK economic relations Over the recent two decades they have been abundant with ups and downs. Nowadays, the Russo-British relations are going through hard times. The causes behind worsening trends are both economic and political. The major reason after 2014 is the changing political context in which relations between Russia and the UK are developing. These relations are negatively affected by anti-Russian sanctions imposed by western countries and uncertainty caused by the forthcoming Britain’ withdrawal from the EC (Brexit). Particular attention in the article is being focused on the investment co-operation. The point these two countries have in common is the low level of capital accumulation. The problemof scarcity of domestic investment resources and its impact on economic output has been increasingly discussed by researchers and policy-makers in Russia and Britain. Hence, great importance that is attached to the external sources of capital, inflow of foreign, first of all, direct investment.
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spelling doaj.art-725abcbc7d874aa5b36307497ffc1baf2023-10-29T15:55:27ZengАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)Контуры глобальных трансформаций: политика, экономика, право2542-02402587-93242019-06-0112216418010.23932/2542-0240-2019-12-2-164-180383Russia - Britain: Economic Relations under Sanctions and BrexitE. S. Khesin0Primakov National Research Institute of World Economy and International Relations of the Russian Academy of SciencesBritain has been able to remain one of Russia’ foreign trade leading partner so far and still one of the ten largest investors in our country. The article attempts to identify the factors driving shifts in the Russia-UK economic relations Over the recent two decades they have been abundant with ups and downs. Nowadays, the Russo-British relations are going through hard times. The causes behind worsening trends are both economic and political. The major reason after 2014 is the changing political context in which relations between Russia and the UK are developing. These relations are negatively affected by anti-Russian sanctions imposed by western countries and uncertainty caused by the forthcoming Britain’ withdrawal from the EC (Brexit). Particular attention in the article is being focused on the investment co-operation. The point these two countries have in common is the low level of capital accumulation. The problemof scarcity of domestic investment resources and its impact on economic output has been increasingly discussed by researchers and policy-makers in Russia and Britain. Hence, great importance that is attached to the external sources of capital, inflow of foreign, first of all, direct investment.https://www.ogt-journal.com/jour/article/view/444russiabritaineconomic relationsgross domestic productcapital investmentsimbalanceseconomic policiessanctionsbrexit
spellingShingle E. S. Khesin
Russia - Britain: Economic Relations under Sanctions and Brexit
Контуры глобальных трансформаций: политика, экономика, право
russia
britain
economic relations
gross domestic product
capital investments
imbalances
economic policies
sanctions
brexit
title Russia - Britain: Economic Relations under Sanctions and Brexit
title_full Russia - Britain: Economic Relations under Sanctions and Brexit
title_fullStr Russia - Britain: Economic Relations under Sanctions and Brexit
title_full_unstemmed Russia - Britain: Economic Relations under Sanctions and Brexit
title_short Russia - Britain: Economic Relations under Sanctions and Brexit
title_sort russia britain economic relations under sanctions and brexit
topic russia
britain
economic relations
gross domestic product
capital investments
imbalances
economic policies
sanctions
brexit
url https://www.ogt-journal.com/jour/article/view/444
work_keys_str_mv AT eskhesin russiabritaineconomicrelationsundersanctionsandbrexit