Analysis of energy trade between the European union and Russia

Dr. Lembo Tanning and Toivo Tanning

The international sanctions are imposed against Russia following Russia's annexation of Crimea and the Russian military intervention in Ukraine. This paper aims are at analyzing the impact of sanctions on Russian economy and on energy security of European Union (EU) countries. The focus is energy trade between the EU and Russia. Energy security is always one of the most important problems for the EU. With regard to acute political and economic situation in Eastern Europe, with the EU and Russia on mutual economic partial blockade, has become very topical, what is the position of energy in the European countries. What are the prospects for a partial boycott of resources? What you can expect from Russia? How are you doing Russian foreign trade and business? Have it has affected the sanctions or boycott? That's what we look at on the basis of the European Union and Russia to first quarter 2015. That's why we look at the beginning of the whole economy, and then external trade. We analyze Russia, which has the EU largest energy suppliers. What are the prospects for a partial boycott of resources?

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