EURASIAN ECONOMIC UNION: PRECONDITIONS AND FIRST STEPS OF FIVE COUNTRIES TOWARDS INTEGRATION
EURASIAN ECONOMIC UNION: PRECONDITIONS AND FIRST STEPS OF FIVE COUNTRIES TOWARDS INTEGRATION

Summary/Abstract: The article analyzes the preconditions that paved the way to creation of the EAEU and the indicators characterizing the current situation and the degree of integration, which made it possible to identify the features of this regional economic integration and identify problems. As a result of the analysis, it was concluded that at the time of the union of the five countries (Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan) not all necessary preconditions for successful functioning of economic integration were present. The assumption that the EAEU is a political and economic union with a predominance of the political component was confirmed by the analysis of the indicators of integration and economic benefits of each country in the framework of this integration. Most EAEU countries have not received any benefits from participating in this integration. The analysis of changes in the trade within the EAEU countries from 2013 to 2018 allows us to conclude that the EAEU’s members are more interested in trade with third countries than with their partners within this integration union. Certain recommendations aimed at the further development of this integration are given. The authors point out the importance of marketing of the territories within the geographic boundaries of the EAEU in order to create conditions for a rational division of labor and mutually profitable trade relations.

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