The main reasons of a rather unexpected deceleration in economic growth are determined by the relatively slack world economic trends and the increased foreign-policy tension around Ukraine and the Near East. EU has a tendency to neglect the expansion of a so-called ‘sanction war’ with Russia, while it becomes obvious that it turned to be a serious blow to the economic situation in a number of small States of the EU, and, at the same time, for the largest country of an international group – Germany – the deterioration in relations with Russia may have adverse consequences. For example, as a result of the only one imposition of Russian sanction responses against food commodities 0-code exports (according to the Standard International Trade Classification) from Ireland to Russia have dropped 5.7 times, from Denmark – fourfold, from Cyprus – 3.6 times. The leaders in the food commodities – Poland and Lithuania – have a more than twofold fall of the index, however, even these two countries export to Russia less than one fifth of 0-code goods.
Closing up of trade turnover with Russia and Ukraine in 2015 will have a considerably negative influence, still it won`t be critical for general development of the EU. Taking into account general weight of Russia in EU turnover and its trade significance for the EU after the USA and China, one can hardly suppose the escalation of the ‘sanction war’, which in addition will be able to send the economics of the most dependent from Russia EU countries into a downward spiral. For example, the neighboring to Russia Lithuania have no more than one fifth of its trade turnover with our country, since its main partners are from the EU.
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