FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA
This article is devoted to the analysis of the development of foreign trade activities of the autonomous territory of the Danish Kingdom the Faroe Islands in 2014–2022. This period of time is in focus because, on the one hand, in 2014, this territory, which is a part of the WTO and aspiring to join...
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Institute of Europe Russian Academy of Sciences
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ftdoajarticles:oai:doaj.org/article:7cdf780e0a944eeb91faecba59845731 2023-11-05T03:41:52+01:00 FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA Roman M. Plyusnin 2023-02-01T00:00:00Z https://doi.org/10.15211/vestnikieran12023114122 https://doaj.org/article/7cdf780e0a944eeb91faecba59845731 RU rus Institute of Europe Russian Academy of Sciences http://vestnikieran.instituteofeurope.ru/images/1-2023/Plusnin12023.pdf https://doaj.org/toc/2618-7914 http://dx.doi.org/10.15211/vestnikieran12023114122 2618-7914 https://doaj.org/article/7cdf780e0a944eeb91faecba59845731 Научно-аналитический вестник Института Европы РАН, Vol № 1, Iss 31, Pp 114-122 (2023) faroe islands foreign trade russia sanctions export import International relations JZ2-6530 article 2023 ftdoajarticles https://doi.org/10.15211/vestnikieran12023114122 2023-10-08T00:36:18Z This article is devoted to the analysis of the development of foreign trade activities of the autonomous territory of the Danish Kingdom the Faroe Islands in 2014–2022. This period of time is in focus because, on the one hand, in 2014, this territory, which is a part of the WTO and aspiring to join the EFTA by itself, managed to get out from under EU sanctions that had been in effect against it for about a year, and, on the other hand, sanctions against Russia began to take effect this year. As a result, the foreign trade orientation of the Faroe Islands has undergone serious changes: our country has become the leading trading partner of this territory. And this situation has not changed, even when, under external pressure, the autonomy government partially joined the sanctions against Russia, which they strenuously avoided for more than 8 years. The article presents an analysis of the export and import flows of the Faroe Islands in recent years. As a result, it is concluded that this Territory has significantly increased the volume of its foreign trade activities, which contributed to an increase in its actual autonomy relative to Denmark. In particular, because this increase was mainly due to other states, among which Russia stood out especially, in the import of which the Faroes took the place that Norway had occupied for many years. Thus, the case of this autonomous territory can serve as an example of conducting a sovereign economic policy in the context of the sanctions war that has been unfolding between Russia and most European countries for more than 8 years. Article in Journal/Newspaper Faroe Islands Faroes Directory of Open Access Journals: DOAJ Articles Scientific and Analytical Herald of IE RAS 31 1 114 122 |
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Directory of Open Access Journals: DOAJ Articles |
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faroe islands foreign trade russia sanctions export import International relations JZ2-6530 |
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faroe islands foreign trade russia sanctions export import International relations JZ2-6530 Roman M. Plyusnin FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA |
topic_facet |
faroe islands foreign trade russia sanctions export import International relations JZ2-6530 |
description |
This article is devoted to the analysis of the development of foreign trade activities of the autonomous territory of the Danish Kingdom the Faroe Islands in 2014–2022. This period of time is in focus because, on the one hand, in 2014, this territory, which is a part of the WTO and aspiring to join the EFTA by itself, managed to get out from under EU sanctions that had been in effect against it for about a year, and, on the other hand, sanctions against Russia began to take effect this year. As a result, the foreign trade orientation of the Faroe Islands has undergone serious changes: our country has become the leading trading partner of this territory. And this situation has not changed, even when, under external pressure, the autonomy government partially joined the sanctions against Russia, which they strenuously avoided for more than 8 years. The article presents an analysis of the export and import flows of the Faroe Islands in recent years. As a result, it is concluded that this Territory has significantly increased the volume of its foreign trade activities, which contributed to an increase in its actual autonomy relative to Denmark. In particular, because this increase was mainly due to other states, among which Russia stood out especially, in the import of which the Faroes took the place that Norway had occupied for many years. Thus, the case of this autonomous territory can serve as an example of conducting a sovereign economic policy in the context of the sanctions war that has been unfolding between Russia and most European countries for more than 8 years. |
format |
Article in Journal/Newspaper |
author |
Roman M. Plyusnin |
author_facet |
Roman M. Plyusnin |
author_sort |
Roman M. Plyusnin |
title |
FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA |
title_short |
FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA |
title_full |
FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA |
title_fullStr |
FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA |
title_full_unstemmed |
FOREIGN TRADE OF THE FAROE ISLANDS IN 2014–2022: A TURN TO RUSSIA |
title_sort |
foreign trade of the faroe islands in 2014–2022: a turn to russia |
publisher |
Institute of Europe Russian Academy of Sciences |
publishDate |
2023 |
url |
https://doi.org/10.15211/vestnikieran12023114122 https://doaj.org/article/7cdf780e0a944eeb91faecba59845731 |
genre |
Faroe Islands Faroes |
genre_facet |
Faroe Islands Faroes |
op_source |
Научно-аналитический вестник Института Европы РАН, Vol № 1, Iss 31, Pp 114-122 (2023) |
op_relation |
http://vestnikieran.instituteofeurope.ru/images/1-2023/Plusnin12023.pdf https://doaj.org/toc/2618-7914 http://dx.doi.org/10.15211/vestnikieran12023114122 2618-7914 https://doaj.org/article/7cdf780e0a944eeb91faecba59845731 |
op_doi |
https://doi.org/10.15211/vestnikieran12023114122 |
container_title |
Scientific and Analytical Herald of IE RAS |
container_volume |
31 |
container_issue |
1 |
container_start_page |
114 |
op_container_end_page |
122 |
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1781698556293283840 |