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beyondukraine.euandrussiainsearchofanewrelation

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The EU and Russia after Crimea: Is Ukraine the Knot? 23<br />

European Union on Russia 10 , endorsed by the European Council in<br />

Cologne in June 1999, is the first initiative towards a third country<br />

that the EU launched after the entry into force of the Amsterdam<br />

Treaty. Tailoring for Russia the suit of a strategic partner without<br />

clearly addressing the substance that Moscow demanded has been<br />

nothing but a contribution to tying a Gordian knot.<br />

The debates on Russia (and the Ukrainian crisis) within the EU<br />

are also affected by a great mix of interests, opposing visions,<br />

stereotypes and disinformation. In order to overhaul the EU’s<br />

stance on Russia, there is a need for a better understanding of<br />

Moscow’s objectives and strategic approaches as well as of its<br />

perceptions. But the very fact that the EU member states have<br />

been able – precisely in spite of their divisions and internal tussles<br />

– to adopt a strategy of sanctions despite being aware of the fact<br />

they would also hurt their economic interests is something that<br />

Moscow hardly expected.<br />

Russia meanwhile is proud to be among the ascending stars of<br />

the BRIC (Brazil, Russia, India, China) countries. But a growing<br />

number of economists, both Russian and foreign, considers that in<br />

terms of growth rate, productivity, and investment security,<br />

comparison with Brazil, India and China leaves Russia far behind.<br />

For instance, the OECD (Organisation for Economic Co-operation<br />

and Development) figures of Russia’s level of GDP per capita and<br />

productivity in 2014 11 show that it is below that of Greece,<br />

Portugal or Slovakia… Thus Russia’s economic situation is far<br />

from what would be expected of a great power. The Western<br />

sanctions or the drop in oil prices are not – by far – the only<br />

explanation. They have only accelerated the deterioration. The<br />

main reason is structural and lies in the absence of a real structural<br />

reform of the economy.<br />

10 Common Strategy of the European Union of 4 June 1999 on Russia<br />

(1999/414/CFSP), http://trade.ec.europa.eu/doclib/docs/2003/november/tradoc<br />

_114137.pdf.<br />

11 OECD.StatExtracts, Level of GDP per capita and productivity, Data extracted on 10<br />

May 2015, 10:13 UTC (GMT) from OECD.Stat, https://stats.oecd.org/Index.<br />

aspx?DataSetCode=PDB_LV.

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