Transformation of foreign economic relations of Russia: turn to the East?

Russia - 20 April 2018

Trade topics: Other

For a long time Russia earned hard currency by selling oil and gas to Europe and spent a large part of it, buying Chinese consumer and investment products. The politically motivated "Turn to the East" moves slowly and so far has not changed the core model of Russia's participation in the global division of labor. However, agricultural export, nuclear power stations projects, cooperation in aircraft construction demonstrate some progress in bringing slogan to the reality.