The history of relations between modern Russia and the European Union (EU) totals about thirty years. Sanctions policy pursued by the countries of the Western Alliance, incl. The EU and Russia's countermeasures have significantly affected the decline in business activity in both the political and economic spheres. There were significant fluctuations in the indicators of volumes and dynamics of foreign trade turnover, as well as changes in investment policy. The current geopolitical situation and the heterogeneous economic interests of the EU member states impede the effective development of mutual cooperation. Global challenges and threats are accompanied by deep transformational processes in international relations. The eastern turn in Russian's foreign economic policy, which meets strategic national priorities in multilateral relations with foreign countries (pragmatism, multi-vector, predictability), is a stimulating factor in the «new political and economic doctrine» of the West, based on the principles of mutually beneficial and equal partnership. Under these conditions, one of the priority areas in the framework of interaction between Russia and the EU remains activity in the field of energy policy, which forms a single economic space in the field of energy security and enhancing the mutual competitiveness of economies. Based on the results of the study of the main contradictions, the specific features of their manifestation, the main problems and prospects for the development of further cooperation of the EU Member States and Russia were identified.

The history of relations between modern Russia and the European Union (EU) totals about thirty years. Sanctions policy pursued by the countries of the Western Alliance, incl. The EU and Russia's countermeasures have significantly affected the decline in business activity in both the political and economic spheres. There were significant fluctuations in the indicators of volumes and dynamics of foreign trade turnover, as well as changes in investment policy. The current geopolitical situation and the heterogeneous economic interests of the EU member states impede the effective development of mutual cooperation. Global challenges and threats are accompanied by deep transformational processes in international relations. The eastern turn in Russian's foreign economic policy, which meets strategic national priorities in multilateral relations with foreign countries (pragmatism, multi-vector, predictability), is a stimulating factor in the «new political and economic doctrine» of the West, based on the principles of mutually beneficial and equal partnership. Under these conditions, one of the priority areas in the framework of interaction between Russia and the EU remains activity in the field of energy policy, which forms a single economic space in the field of energy security and enhancing the mutual competitiveness of economies. Based on the results of the study of the main contradictions, the specific features of their manifestation, the main problems and prospects for the development of further cooperation of the EU Member States and Russia were identified.