It would be hard to find another trade agreement that has ever been under such media spotlight than Transatlantic Trade and Investment Partnership (TTIP) is at the moment. But that is understandable as TTIP is much more than just another preferential trade agreement project: it aims to link the world’s two biggest economic entities. TTIP, for which negotiations between the European Union and the United States began in 2013, is presented as an ambitious and comprehensive partnership.
On the Eastern border of the European Union extends the world’s largest country, Russia. This ex-Eastern superpower is now in the hands of Vladimir Putin, a kind of an “elected” despot, who has been lately increasingly turning his back at the European Union. With the cancellation of the South Stream project, which would have brought more Russian gas into the EU, a colder period of EU-Russia relations is at the horizon. This week, read more on EU-Russia relations, which issues cannot be agreed upon and why Europeans are not too worried about the cancellation of the South Stream.