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Country Report Macedonia Product Image

Country Report Macedonia

  • Published: August 2014
  • Region: Macedonia
  • 28 Pages
  • The Economist Intelligence Unit

Macedonia has not adopted the sanctions that the EU has imposed on Russia over the Ukraine crisis, and Russia has not included Macedonia in the food import ban that it has imposed in return. Macedonia is less closely tied to Russia than Serbia or Montenegro, and the EU encourages EU candidate states to adopt its foreign policy positions; but Macedonia's bid for EU and NATO membership is already blocked by its dispute with Greece, reducing the country's incentive to fall into line. Macedonia appears to want to avoid aligning itself too closely with either side in the conflict. Agricultural producers hope to capitalise on Russia's EU food import ban to increase their exports to Russia, and the EU would be unlikely to be significantly concerned about such trade; but Macedonia's lack of a free-trade agreement with Russia is a key obstacle. Exports via Serbia appear to be the best option, but even so, Macedonia is likely to be able to increase its exports to Russia only modestly.

On August 7th Russia imposed a one-year ban on imports of a wide range of food and food products from the EU, US, Australia, Canada and Norway, in response to these countries' imposition of sanctions on READ MORE >

Country Report Macedonia

Lack of free-trade deal clouds Russian export hopes
Russian export opportunity?
Serbian option?

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