Igor Yurgens, Modern Development Institute | August 5, 2008
The relations between Russia and the EU are shaped by mistrust which poses a threat to trade and investment between both regions. ++ Although they still rely on each other economically - especially Russia whose economy depends on oil and gas exports - EU-Russian trade finds itself in an impasse. ++ Russia must diversify its business and reduce state-control. ++ Moscow and Brussels have to work out a new legal framework for mutual trade, business and competition as it would ease economic cooperation.