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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Nicolae Titulescu University
2019-06-01
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| 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 |
| Summary: | 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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| ISSN: | 2343-9742 2343-9750 |