Abstract
Ever since the Ukrainian Crisis broke out in November 2013, the geopolitical struggle between Russia and the West World has become more and more intensive which is followed by a more isolated status of Russia . Influenced by the Western sanctions and declining of the international oil price, Russia ’s economy has experienced a severe down turn. On 1st January 2015, the Eurasian Economic Union（EEU） leading by Russia was launched as schedule which is of great importance to Russia to integrate the Commonwealth of Independent States(CIS) and will be the strategic supports for Russia’s re-rising. The economic effects of EEU will benefit the entire Eurasian area and the operation of it will influence the promotion of Sino-Russia economic and trade relations, Shanghai Cooperation Organization(SCO) and the Silk Road Economic Belt in different degree. To a large extent, the future of EEU is depend on the pushing function of Russia ’s economy as the engine of the Union. In the next two years, Russia ’s economy will proceed in hardship in the dilemma, which will bring about negative impacts on the further development of the EEU and Sino-Russia economic and trade cooperation. From this point of view, this report illustrates the EEU, Sino-Russia economic and trade relation and Russia ’s economic trends and provides solutions and recommendations accordingly.
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