Opportunities and Risks for the Development of Russian-British Trade and Economic Relations after Brexit

Alexander A. Pakhomov – Leading Researcher of the Russian Presidential Academy of National Economy and Public Administration, Doctor of Economic Sciences (Moscow, Russia). E-mail: р This email address is being protected from spambots. You need JavaScript enabled to view it.

In the context of Brexit, the UK is leaving the scope of the EU’s single trade policy and has begun to form a sovereign foreign economic strategy. This provides for a partial geographical reorientation of priorities in choosing partners in connection with the revision of existing relations with EU States, and the search for new markets and suppliers.

In this regard, despite mutual trade and political sanctions, it seems that new opportunities are emerging for the development and diversification of Russian-British trade and economic relations. Although there are risks of increasing political confrontation between the two countries.

The article was written on the basis of the RANEPA state assignment research programme.

Key words: Russian Federation, Great Britain, trade policy, Brexit, trade and political sanctions, investments.