Free Trade from Lisbon to Vladivostok

Trade between the EU and Russia is currently heavily constrained by sanctions imposed by the West on Russia and by embargo measures. Both the EU and the post-Soviet states, however, should have a vested interest in a free trade area stretching “from Lisbon to Vladivostok.” For Russia a far-reaching agreement between the EU and the Eurasian Economic Community could mean 3% growth in real per-capita income, and 0.2% growth for Germany.