Monday, 21 July 2014

EU and Russia: sanctions and cooperation, the two sides of the coin

I have just finished my opinion piece of this week for Visão, a well-read general news magazine that is published every Thursday in Lisbon. This time the theme had to be about the relations between the EU and Russia, in the aftermath of the shooting down of the Malaysia Airlines plane.

My points are that we have to combine much tougher and better targetted economic sanctions against key Russian enterprises, including Rosneft, making sure they cannot access the European financial markets, with a continuous invitation for political dialogue between Europe and Russia. In the end, both blocs need each other. Russia, sooner or later, will require EU capital, technology and markets to develop its Far East. And Europe has a lot to gain by participating in the economic development of its big neighbour.

However the long term view cannot ignore the realities of today. And the key message here is that Russia has to fully implement the Helsinki Act of 1975 about peace and cooperation in Europe and non-interference in the internal affairs of other states. 

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