Open AccessPROBLEM OF TRADE AND INVESTMENT COOPERATION BETWEEN RUSSIA AND SPAIN IN TERMS OF SANCTIONS
Author(s) -
Agnessa Avilova
Publication year - 2017
Publication title -
iberoamerikanskie tetradi
Language(s) - English
Resource type - Journals
eISSN - 2658-5219
pISSN - 2409-3416
DOI - 10.46272/2409-3416-2017-1-7-11
Subject(s) - sanctions , real estate , investment (military) , capital (architecture) , unemployment , business , debt , international trade , financial crisis , legislation , international economics , economic policy , economics , finance , political science , geography , economic growth , politics , law , archaeology , macroeconomics
Mutual trade restrictions between Russia and the countries of the West have contributed to a sharp (about 40 %) reduction in the Russian-Spanish trade. For Spain, which has not yet overcome the structural consequences of the 2008-2009 crisis (the debt problem, high unemployment, the precariousness of the real estate market), promotion of external relations is one of the main factors of economic growth. Spain is among the top ten global investors. Its legislation stimulates the export of capital. Partial compensation of its losses in the Russian market can be the delocalization of production - the direct investment of Spanish companies. In Russia operate such leading Spanish companies as Iberdrola, Gestamp, the bank BBVA. For its part, Spain has simplied the industries.