International economic cooperation between Russia and the European Union

Providing a basic aspect for political cooperation between the countries of the European Union and Russia, the Agreement on Partnership and Cooperation also contributes to the development of economic relations. The European Union is Russia's main trading and investment partner; At that time, Russia, as the fourth partner for the EU countries, is also the largest exporter of the most important energy resources for the European Union. This economic interdependence of demand, supply and investment has led to joint commitments to promote good economic relations with a special feature on energy cooperation, providing energy security and economic growth to both parties.