Abstract
The article examines economic relations of Russia with the countries-members of the Cooperation Council for the Arab States of the Gulf (CCASG) which is a political and economic union of Arabian states bordering the Persian Gulf. It is shown that current level of cooperation between Russia and the region yields substantially to the existing potential. The analysis focuses on the existing projects, that enable to make a conclusion that “from below”, on the level of business, the cooperation is carried out in a wide spectrum of different directions. Recommendations on the ways of activization of cooperation with the region are given.
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