Abstract

The main factors of macroeconomic uncertainty for the Eurasian Economic Union member states are the threat of a global financial crisis, long-term restrictive measures associated with the spread of the pandemic, trade wars between major states, new sanctions, volatility in commodity prices, growing inflationary pressures, internal risks of tightening monetary policy, volatility of national currencies, as well as an increase in the budget deficit and total debt. There is a need to protect against undesirable external influences and radical internal changes in the conditions of global instability, to assess the socio-economic potential of the Eurasian Economic Union member states on the way to a single integration space, in other words, the need for security is a basic, fundamental need, both for the life of an individual and including society and the state, which makes this study more relevant. The COVID-19 pandemic had a major impact on many economic and social processes. In these difficult conditions of external factors' influence, the system of ensuring financial and economic security acquires significance. The conducted research allows concluding that, firstly, the economic security of the countries of the Eurasian Economic Union is a complex concept that reflects the state of the financial system of countries, their ability to timely and reliably meet needs of the economy in the amounts necessary to provide growth of the economy in the conditions of integration. Moreover, the indicators of budget and stability of investments of each of the countries determine the level of the EAEU member financial security.

Highlights

  • Due to the increasing threats and risks in the economic security field, the general economic crisis, as well as the introduction of various sanctions, in particular, financial and economic, against the Russian Federation, the urgency of ensuring economic and financial protection of Assessment of the Financial and Economic Security Level of the Eurasian Economic Union (EAEU) Member States in the Context of Growing Macroeconomic Uncertainty the state is growing

  • A lot of attention has recently been paid to the issues of the current state of ensuring the financial and economic security of Russia among the Eurasian Economic Union (EAEU) member states

  • The following is recommended in the field of continuing sustainable economic growth of the EAEU member states [7]: implementation of a more effective, transparent, and coordinated monetary policy, where the final result should be price stability; effective implementation of budget rules and their compliance on the territory of the EAEU member states; Universal Journal of Accounting and Finance 10(1): 17-24, 2022

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Summary

Introduction

Due to the increasing threats and risks in the economic security field, the general economic crisis, as well as the introduction of various sanctions, in particular, financial and economic, against the Russian Federation, the urgency of ensuring economic and financial protection of Assessment of the Financial and Economic Security Level of the EAEU Member States in the Context of Growing Macroeconomic Uncertainty the state is growing. It is one of the principal measures for the formation and development of the Russian Federation as a state independent from external influences of global instability and politics, ensuring security based on trust and cooperation between countries. The main goal of overcoming the difficulties of the economic integration of the Eurasian Economic Union member states shortly should be the solution to urgent and promising problems of national economies and the transition to sustainable economic growth [1]

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