1. Hungarian-Russian Economic Relations
- Author:
- Veronika Jóźwiak
- Publication Date:
- 07-2019
- Content Type:
- Special Report
- Institution:
- The Polish Institute of International Affairs
- Abstract:
- Hungarian-Russian economic relations are based on the energy industry. Hungary’s efforts to build closer political relations with Russia after 2010 did not result in a marked increase in bilateral trade, investment, or greater Russian influence outside the energy sector. EU economic sanctions imposed on Russia and the introduction of counter-sanctions in 2014 caused a significant drop in Hungarian exports to Russia. However, this has not resulted in substantial losses to the Hungarian economy.
- Topic:
- Energy Policy, Bilateral Relations, Sanctions, European Union, and Trade
- Political Geography:
- Russia, Europe, Eurasia, and Hungary