This year marks the 20th anniversary from the day the first agreement between Russia (the USSR then) and the EU countries was signed. The agreement “On trade and commercial economic cooperation” was concluded in 1989 for 10 years’ period. In accordance with the agreement, the EU lifted limitations on the Soviet export into the European Community keeping those only for certain especially ‘sensitive’ goods: steel products, textile and others. In turn, the USSR established a non-discriminatory regime for EU goods in terms of quotas and licensing. In 1994, between the EU states on the one side and Russia on the other side, there was signed a large scale Partnership and Cooperation Agreement (PCA) that regulated practically all the aspects of possible political, economic and trade interaction. Then in 1997 this agreement, after being signed by all 15 EU member states, came into effect and created a most favorable trade regime.

OUR AUDIENCE EMPRACES ALL THE COUNTRIES

During the last decades the Russian economy has expanded dramatically and the internal political situation in the country has calmed down.

(Public opinion poll conducted September2008-January2009 in 100 residencies. A sample size of 1500 responders)

14—17 November 2008 the Levada-Centre has conducted a public opinion poll of 1599 respondents (age over 18) in 128 subjectsà Russia.

(Some data from a public opinion poll conducted by the Public opinion Foundation)
Nation-wide home interviews conducted September 6 – 7 2008 in 100 residencies in 44 regions. A sample size of 1500 respondents. The margin of error does not exceed 3,6%.

Research of technical catastrophes from accidents on nuclear stations to plane crashes show that there are two fundamental features causing emergency: complexity of the system and tight coupling, no buffer between its elements. Financial system fits to both criteria: it is extremely complicated and its elements (financial institutions, financial markets, etc.) are closely connected with each other. Crises in such a system are inevitable. According to the IMF data, the world suffered 208 monetary and 124 systemic banking crises in the period from 1970 to 2007.

After the negotiations on the new agreement between Russia and the EU have been resumed, it is now time to discuss the prospects of their economic cooperation.