The objective of this study is to analyse the EU anti-dumping policy towards Russia and its impact on the bilateral trade relations. The study is divided into four Parts. Part 1 is dedicated to general legal analysis of trade relations between the European Union and Russia with emphasis on EU anti-dumping law. Part 2 provides detailed analysis of the EU anti-dumping rules and practice applicable to Russia, including the case study. In Part 3 the author examines the essence of the historic amendments to the EU anti-dumping legislation of 8th November 2002, which granted Russia a market economy status. Finally, Part 4 gives an overview of the future prospects in view of the EU enlargement in 2004 and Russian membership in the World Trade Organisation.