Agriculture in Poland in the context of trade restrictions between the European Union and the Russian Federation in 2010-2018
Journal Title: Problems of Economics and Law - Year 2019, Vol 2, Issue 1
Abstract
The economic sanctions imposed by the European Union in March 2014 on the Russian Federation were caused by Russia's unlawful annexation of Crimea, which exploited the political crisis in Ukraine. In response, Russian President Vladimir Putin issued a decree on August 7 prohibiting the importation of selected groups of agri-food commodities from countries that previously imposed sanctions. The article focuses on an attempt to describe the effects of the introduced trade restrictions on the functioning of the agricultural market in Poland. Spectral analysis, simple regression and comparative methods were used for the study. The study showed that the trade restrictions introduced had the character of structural changes in the export and import of Polish products, but did not significantly contribute to the functioning of the market itself. The trade restrictions introduced have contributed to a significant reduction in trade between Russia and Poland in 2014-2016 however, there is a gradual improvement in trade relations with Russia, the value of both imports and exports is steadily increasing with each subsequent year.<br/><br/>
Authors and Affiliations
Jakub Garncarz, Kacper Igielski, Mateusz Mierzejewski
Keywords
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