Although at different stages, both the EU and Russia are transition economies. In the last two decades, Russia and the EU engaged in unprecedented market building projects. The EU decided to complete the Single Market, while Russia, which had been operating for more than seventy years under the principles of central planning, began transforming itself into a market economy.
Although at different stages, both the EU and Russia are transition economies. In the last two decades, Russia and the EU engaged in unprecedented market building projects. The EU decided to complete the Single Market, while Russia, which had been operating for more than seventy years under the principles of central planning, began transforming itself into a market economy.
When the Baltic countries entered NATO and the European Union a couple of years ago, many thought it was the end of the centuries-old "red line." Euro-Atlantic organizations had crossed into the former Russian and Soviet empires.
In September 2004, the Russian city of Novgorod hosted an international conference entitled Russia at the Turn of the Century: Hopes and Reality. Its organizers were the RIA Novosti news agency, the Council on Foreign and Defense Policy, Russia in Global Affairs, and The Moscow Times.