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Some Notes on Current Problems of Foreign Economic Relations of Russia

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  • Leonid Abalkin

Abstract

This paper discusses developments on the trade front in Russia since the deep structural crisis during the 90s which significantly affected the dynamics and structure of Russian foreign trade. After the collapse of the Soviet Union and the consequent formation of the Commonwealth of Independent States (CIS), a major part of the Soviet Union’s internal trade has become a component of Russia’s foreign trade, the ‘export versus import’ structure in Russia has deteriorated, and there has been a rapid increase in the export of energy resources and metals, however, the export of high‐technology products, including those in the defence sectors, have actually been reduced. The opening of boundaries in the domestic market has resulted in saturation with foreign‐made consumer goods, machinery, and equipment all of which have hindered national development.

Suggested Citation

  • Leonid Abalkin, 2002. "Some Notes on Current Problems of Foreign Economic Relations of Russia," The World Economy, Wiley Blackwell, vol. 25(6), pages 869-874, June.
    • Handle: RePEc:bla:worlde:v:25:y:2002:i:6:p:869-874
    DOI: 10.1111/1467-9701.00467
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