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The Current State of Russian-Canadian Economic Relations
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The Current State of Russian-Canadian Economic Relations
Annotation
PII
S207054760018952-4-
Publication type
Article
Status
Published
Authors
Evgeny Khoroshilov 
ORCID: 0000-0002-3738-9035
Occupation: Leading Researcher
Affiliation: Institute for the U.S. and Canadian Studies of the Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 1
Abstract

The article analyzes the current state of Russian-Canadian economic relations, examines trends in bilateral trade and accumulated direct investments. It is shown that Russian exports to Canada are now back to the levels seen before 2014, while Canadian exports to Russia have not been able to recover from the consequences of a sharp deterioration in bilateral relations. It is concluded that Canada supplies Russia mainly with products with high added value, while Russian exports to the Canadian market are dominated by raw materials and low-value products. It is indicated that the scale of Russian-Canadian investment cooperation has significantly decreased after 2014. However, there is noticeable Russian presence in the Canadian metallurgical industry and agricultural machinery engineering, while Canadian companies have strong positions in Russian mining sector and vehicle engineering. It is noted that Russian-Canadian economic relations remain hostage to the hostile policy of the ruling circles of Canada towards Russia.

Keywords
Russia, Canada, Russian-Canadian relations, export, import, trade, direct investment
Received
21.01.2022
Date of publication
28.02.2022
Number of purchasers
13
Views
1657
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0.0 (0 votes)
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S207054760018952-4-1 Дата внесения правок в статью - 28.02.2022
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