Russia's Brexit gains will be political, not economic
Subject Russia, the EU and United Kingdom after Brexit. Significance Russian leaders largely refrained from commenting on the UK referendum of June 23, in which voters chose to leave the EU ('Brexit'). Before and after the vote, President Vladimir Putin and other officials voiced anger at UK politicians who cited threats from Russia as reason not to abandon the EU. The outcome is causing market uncertainty, but longer-lasting economic impacts for Russia are not yet apparent. However, a divided and weaker EU fits well with Moscow's foreign policy aims in the region, allowing it to exert bilateral pressure. Impacts EU cohesion on foreign policy is likely to decline, constraining efforts to deal with challenges south and east of the bloc. Many senior Russian officials will watch the United Kingdom closely out of anxiety for their personal assets in the country. As EU members become reluctant to expand the union, Ukraine, Georgia and Moldova will find integration slower than hoped.