TRANSATLANTIC ECONOMIC INTEGRATION: CHALLENGES AND OPPORTUNITIES FOR RUSSIAN BUSINESS

The article analyzes the main directions of the emerging system of institutional arrangements between the US and the EU in the ongoing process of transatlantic integration. The paper discusses the most controversial areas of integration and assesses the challenges of transatlantic partnership, including those, which relate to Russian business. The author concludes that in case of cancellation of US and EU sanctions the transatlantic partnership would not have a significant impact on Russia. The partnership carries more serious consequences for the Russian economy in case of continued sanctions.

transatlantic integration, foreign direct investment, trade and economic cooperation, regulatory cooperation, tariff barriers, government procurement, international business, Russia, the United States, the European Union