Five Years After Crimea, How Is Russian Trade Doing?

Changes in foreign trade—the backbone of economic prosperity for Putin’s Russia—reflect the giant shifts in Moscow’s relations with the outside world. Five years after the annexation of Crimea, Russia is moving away from the West and trading less with the EU, while increasing the share of its trade with Asia, in particular with China. Alex Gabuev, a senior fellow and chair of the Russia in the Asia-Pacific program at the Carnegie Moscow Center, examines the implications of this for Russia, the EU, and the Eurasian Economic Union with podcast guests Tatiana Flegontova, deputy head of the Institute for International Economics and Finance, and Dr. Janis Kluge, a senior associate at the German Institute for International and Security Affairs.