German-Russian Business Relations

German-Russian relations are one of the most important economic topics discussed at present. The relations are strong thanks to a mutual and elaborate co-operation built on the power and importance of both countries. The goal of this thesis is to portray German-Russian mutual relations and find an answer to the question whether Germany is dependent on Russian energy supplies. The thesis has two main parts: the first is focused on a comparison of German and Russian economies, the second addresses trade relations. The comparison is based on macroeconomic indicators and culture in both countries, also showing the difference in business activities. Moreover, international trade in goods and services and foreign direct investment are discussed as well and are considered to be the key part of the thesis. Foreign direct investment is illustrated with particular instances and projects, followed by a chapter on the current anti-Russian sanctions. This chapter is rather extensive and therefore has its own interpretation. Finally, the thesis presents an overview of present bilateral agreements and contracts, including the organizations and institutions supporting the German-Russian co-operation.