IDEAS home Printed from
   My bibliography  Save this paper

Russia's Foreign Trade: New Directions and Western Policies


  • P.G. Hare
  • S. Estrin
  • M. Lugachyov
  • L. Takla


Russia is already a major trading partner of the West, especially the EU, exporting mostly energy sources (gas and oil), metal, minerals and timber, while importing a wider range of manufactured products. In the longer term, Russian manufacturing is likely to start recovering and hence Russia will need to have improved access to Western markets in order to expand its exports. This paper reviews recent trends in the direction and structure of Russian trade and summarises the reforms that have so far been applied to external trade policies and practices. It then develops three scenarios for the development of the Russian economy: (a) a centralised model; (b) muddling through; and (c) accelerated reforms, sketching the likely trading implications of all three. The paper argues that scenario (b) is the most likely, and suggests that the EU (and, to some extent the UK) could most usefully assist Russia in two ways. First, to provide technical assistance to strengthen the institutional infrastructure of foreign trade (i.e. to help reduce transactions costs and risk); and second to adopt a far more relaxed and open approach regarding access to EU markets for Russian manufactures.

Suggested Citation

  • P.G. Hare & S. Estrin & M. Lugachyov & L. Takla, 1996. "Russia's Foreign Trade: New Directions and Western Policies," CERT Discussion Papers 9619, Centre for Economic Reform and Transformation, Heriot Watt University.
  • Handle: RePEc:hwe:certdp:9619

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Peter Luzik, 1999. "International Experience in Tax Reform and Lessons for Ukraine," CERT Discussion Papers 9904, Centre for Economic Reform and Transformation, Heriot Watt University.
    2. Julien Vercueil, 2001. "L'accession de la Russie à l'OMC : quelle stratégie adopter?," Working Papers halshs-01418956, HAL.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hwe:certdp:9619. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Colin Miller). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.