Evolution of Trade and Economic Relations between Russia and the UK: Past and Future

Abstract

From the moment of their establishment in the 16th century, the diplomatic relations between Russia and Britain have never been noted for simplicity, even after undergoing a series of transformations since then. However, regardless of the inherent tensions in the relations between the countries, both Russia and the UK remain important trade and strategic partners. In this article, the authors focus on the issues of economic cooperation between Russia and the UK both in retrospect and at the present stage. In particular, they analyse trade relations in terms of the exchange of goods and services, investment flows and cooperation between the business communities of the two countries in the context of the current sanctions situation and Brexit.