Russia–European Union Relations - Trade

Trade

The EU is Russia's largest trading partner by far with the EU accounting for 52.3% of all foreign Russian trade in 2008 and 75% of foreign direct investment (FDI) stocks in Russia also come from the EU. The EU exported €105 billion of goods to Russia in 2008 and Russia exported €173,2 billion to the EU. 68.2% of Russian exports to the EU are accounted for by energy and fuel supplies. For details on other trade, see the table below;

Direction of trade Goods Services FDI
EU to Russia €105 billion €18 billion €17 billion
Russia to EU €173,2 billion €11,5 billion €1 billion

Russia and the EU are both members of the World Trade Organisation (WTO). The EU and Russia are currently implementing the common spaces (see below) and negotiation to replace the current Partnership and Co-operation Agreement to strengthen bilateral trade.

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