Some Insights into the Bilateral Value Chains—The EU and Russia

Russia and the EU represent two economic blocs with high-value bilateral trade, especially in several specific sectors. The Russia–Ukraine war has facilitated escalation of protectionism against Russia, Western partners have introduced a set sanctions on import goods from but also exports to Russia. This analysis aims research detail characteristics global value chains (GVCs) focusing their interconnections. is resource-rich country whose are mainly based resources resource-related products. Therefore, forward participation dominates, being 4.5 times higher than backward participation. In its member states, implying high level dependence production process intermediates (i.e., inputs) abroad. indicates share added sector “mining quarrying, energy producing products” final demand where almost one-fifth foreign pertains products On other hand, sectors electrical equipment, pharmaceuticals, chemical construction rely imported EU.