This paper investigates the possible economic effects of Russia-EU free trade agreement, implying a mutual zero import tariffs in the trade of the Customs Union and the EU. Analysis of the effects is made using CGE Globe v1 model. We estimate the impact of an FTA on the economies, both at the...

The Commonwealth of Independent States (CIS) countries, or more broadly the former republics of the USSR, actually make a choice between European (EU) and Eurasian integration (EAEU), which leads to certain benefits and risks for all CIS+ countries (including Ukraine and Georgia), especially for...

The current innovative economy considers digitalization as a factor influencing the most important socio-economic processes, including those related to progressive structural changes, social development, improvement of the efficiency of public administration, and growth of the population's...

The trade wars that have been waged by the USA since early 2017 are an upshot of the structural problems accumulated inside the global trade and economic system. Firstly, the benefits of globalization are distributed unevenly between the developed and developing countries, and between skilled...

Preliminary results for 2015 have shown no substantial structural changes in both imports and non-energy exports. The import structure is most stable: the percentage share of chemical industry products, which are used basically as by-product in the domestic manufacturing industry, has seen some...

Russia's current account balance went negative in Q2 2017 due to a growth in imports of goods driven by a strengthening Russian rouble, seasonal growth in imports of services and investment income payments amid stagnating exports of goods after the rising oil price trend grinded to a halt....

In the first four months of 2017, Russian fuel and non-fuel exports increased. Dynamics of exports of minerals and low-processed goods were driven by changing export prices. Imports grew significantly, too. The data of the past few years do not show any correlation between volumes of exports of...

On August 22, 2012, the Russian Federation joined the World Trade Organization (WTO), as well as dispute settlement mechanisms designed to resolve WTO trade disputes and governed by the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU). Hence Russia has since...

In 2016, the Bank of Russia implemented a conservative monetary policy aimed at mitigating inflation. Commercial banks decreased their demand for central bank refinancing as the Reserve Fund was spent, in which case the central bank had to employ a set of instruments to prevent an increase in...