Economic cooperation of Russia and Greece during the sanction restrictions period and the policies to strengthen the integration process

Abstract

The article is devoted to defining the economic cooperation between Russia and Greece in the context of the sanction measures and the ways to strengthen the integration process among the two countries. The authors analyze different economic cooperation measures between Russia and Greece as the subjects for this study. Firstly, they identified the reasons for the considerable elimination of Russian-Greek trade relations. Secondly, they presented a detailed description of a mutual economic cooperation scheme for the period 2014-2016. Thirdly, they propose measures to stimulate economic cooperation between Russia and Greece. As a result of this research, the authors concluded that we should not expect a major breakthrough in the external economic cooperation between Russia and Greece in the coming years, at least, before overcoming the economic depression in the economies of the two countries and the complete removal of sanction restrictions between Russia and the European Union.