(MENAFN) The Russian Academy of Science's director of the European Integration Division, Olga Potemkina, stated that the country's economic growth could be negatively affected by Europe's weak economy, reported Xinhua News.
Potemkina added that the euro zone debt crisis could reduce the region's energy demand, thus cutting Russia's oil and gas exports.
On the other hand, official data showed that bilateral trade between the two sides in 2011 reached USD394 billion.
It is worth noting that Russia is the EU's main energy supplier, and third largest trade partner, moreover, more than half of the country's trade and foreign investments go to the EU.
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