The two countries have established trade ties. Almost 13% of Greek imports came from Russia in 2013, according to the IMF. Greece’s share of Russian imports is much less significant. Still, the countries have agreed to make 2016 the “Year of Greece” in Russia, and the “Year of Russia” in Greece.
Against this backdrop, Greece could break ranks with its European partners over how to respond to a recent escalation of violence in Ukraine.
Officials are due to discuss the possibility of further sanctions at a meeting Thursday, after EU leaders said they had evidence of growing support by Russia for separatists in eastern Ukraine. The Greek government was angry that it had not been consulted over the EU leaders’ statement.
–
Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.
Factset: FactSet Research Systems Inc. 2015. All rights reserved.
Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
