EU and Russia focus on core issues during Brussels Summit

The European Union and Russia held a summit in Brussels on 14 and 15 December. Russia was represented by President Dimitri Medvedev.  whilst the EU was represented by Herman Van Rompuy, President of the European Council, and by José Manuel Barroso, President of the European Commission, Catherine Ashton, High Representative of the Union for Foreign Affairs and Security Policy.

Economic ties between Russia and the EU have grown substantially over the last years. Russia remains the EU's third most important trading partner in goods (after the US and China), with 87 billion EUR in exports to Russia (6.4% of all EU exports, 4th place after US, China, Switzerland) and 158 billion EUR in imports in 2010 (10.5 % of all EU imports, 3rd place after China and US, mostly natural resources). The EU is thus by far the largest market for Russian goods.

In 2010, both imports and exports rose by approximately 32 % compared to 2009, after having been hit by the global economic crisis. Russia's total account surplus rose by 47% compared to 2009 and reached $ 79 billion in 2010.

More specifically, Russia is the EU's most important single supplier of energy products, accounting for over 23% of the EU consumption of gas and 30% of its total crude oil consumption. In turn, Russia's economy remains highly dependent on the export of energy raw materials, with the EU as its most important destination. In 2010 63% of Russia's exports consisted of crude oil, oil products and natural gas. The EU accounts for 88% of Russia's total oil exports, 70% of its gas exports and 50% of its coal exports.

Commonspace.eu political editor said that despite the fact that there are currently many outstanding issues between Russia and the European Union, and despite serious concerns in the EU about the recent elections for the Russian Parliament, the two sides understand that they need to push ahead with developing relations between them and the summit was used to focus on many tangible and core  issues of co-operation such as energy and citizens mobility.

source: commonspace.eu with the Press Service of the European Union

picture: courtesy of the European union

Related articles

Editor's choice
News
10th anniversary of a failed coup that redefined Turkiye

10th anniversary of a failed coup that redefined Turkiye

Ten years ago, parts of the Turkish military attempted to overthrow the government of President Recep Tayyip Erdogan. The consequences of the failed coup continue to shape Turkiye to this day.  It was the evening of July 15, 2016. A warm summer day was coming to an end. Many people were spending their Friday evening with friends or family, looking forward to the weekend. There was nothing to suggest that Turkiye was about to be fundamentally transformed. Then, just a few hours later, tanks were rolling through the streets. Fighter jets flying over Ankara and Istanbul. Soldiers blocking the Bosphorus Bridge, the link between Europe and Asia. The parliament in Ankara came under fire. Turkish President Recep Tayip Erdogan called on the public via a video call broadcast to take to the streets and stop the coup. The coup attempt failed that very night, but its political consequences continue to impact the country The Turkish government blamed the Gulen movement for the coup attempt. Its founder, the Muslim cleric Fetullah Gulen was based in the United States. The government accused Gulen of having infiltrated the judiciary, police, military, and other state institutions with followers over decades in an effort to undermine the state. Gulen and his followers denied any involvement in the coup. Many high-ranking military officials with alleged ties to Gulen were arrested.. Gulen died in the US aged 83 in the US in 2024. In Turkey, July 15 is now a national holiday. The former Bosphorus Bridge was renamed the "Bridge of the Martyrs of July 15." It commemorates the people who lost their lives that night. According to official figures, 253 people died, most of them civilians. Many streets, squares and schools also bear the name "July 15". However, the anniversary is not just about commemorating the victims. It also marks a profound political turning point. The Gulen movement was designated a terrorist organization, and its alleged supporters were largely extracted from the state apparatus. Six days after the coup, parliament approved a state of emergency. It was initially limited to three months but did not end until July 19, 2018. During those two years, the president governed largely by emergency decrees, issuing 32 decrees in total. The consequences of these political purges have been enormous. More than 125,000 members of the civil service and the armed forces were dismissed. According to official figures, approximately 390,000 people had been detained or arrested between 2016 and 2025 on suspicion of ties to Gulen.

Popular

Editor's choice
Interview
Thursday Interview: Murad Muradov

Thursday Interview: Murad Muradov

Today, commonspace.eu starts a new regular weekly series. THURSDAY INTERVIEW, conducted by Lauri Nikulainen, will host  persons who are thinkers, opinion shapers, and implementors in their countries and spheres. We start the series with an interview with Murad Muradov, a leading person in Azerbaijan's think tank community. He is also the first co-chair of the Action Committee for a new Armenian-Azerbaijani Dialogue. Last September he made history by being the first Azerbaijani civil society activist to visit Armenia after the 44 day war, and the start of the peace process. Speaking about this visit Murad Muradov said: "My experience was largely positive. My negative expectations luckily didn’t play out. The discussions were respectful, the panel format bringing together experts from Armenia, Azerbaijan, and Turkey was particularly valuable during the NATO Rose-Roth Seminar in Yerevan, and media coverage, while varied in tone, remained largely constructive. Some media outlets though attempted to represent me as more of a government mouthpiece than an independent expert, which was totally misleading.  Overall, I see these initiatives as important steps in rebuilding trust and normalising professional engagement. The fact that soon a larger Azerbaijani civil society visits to Armenia followed, reinforces the sense that this process is moving in the right direction." (click the image to read the interview in full)