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RAS History & PhilologyРусская литература Russian literature

  • ISSN (Print) 0131-6095
  • ISSN (Online) 3034-591X

The Current State of Russian-Canadian Economic Relations

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PII
S207054760018952-4-
DOI
10.18254/S207054760018952-4
Publication type
Article
Status
Published
Authors
Evgeny Khoroshilov
Volume/ Edition
Volume / Issue 1
Pages
0
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
Date of publication
28.02.2022
Year of publication
2022
Number of purchasers
13
Views
1681

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