Over the last 20 years the cooperation between Russian Federation and the European Union had increased to a large extend. Currently, both are binded by a Partnership Agreement. However , it is important to take a look if Russia can be potentially a member of the EU, by addressing the basic criteria of accession . Moreover, it is initial to have a look at the benefits and the drawbacks for the both partners in Russian accession. This book, therefore, will provide a conclusion about the Russian potential to become a member state of the European Union.