Eurasian Economic Union: Prospects and Problems of Integration in the Post-Soviet Space

Abstract

The article examines the state of integration processes in the post-Soviet area over the past decade, with a focus on the Eurasian Economic Union (EAEU), which has contributed to a holistic, comprehensive picture of the current situation with previous developments, consistent disclosure of the conditions for the development of integration processes, highlighting opportunities for the development of integration processes, their defining, designations of cause-and-effect relationships in international political processes in the region. With structural and functional analysis, presented by the mechanisms of functioning of the relevant factors of efficiency in the modern environment and to assess the mechanisms of their activity in changing conditions, the following elements are distinguished in the work: study of the stages of integration processes in the region, identification of factors influencing, analysis and comparison of statistical trade and economic indicators of the EAEU member states, as well as the prospects for the development of integration in the post-Soviet space. The use of SWOT analysis makes it possible to identify potential and weak factors in the development of the EAEU, assess the possibilities for the participation of the Russian Federation in this organization, using possible scenarios for the further functioning of the EAEU. Based on the analysis of macroeconomic indicators, political and economic processes within Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan, the authors conclude that there is a high risk of contradictions in these areas in relations between the EAEU countries, which suggests the most likely scenario for the further development of integration processes in violation of the deadlines implementation of plans. The financial factor is the insufficient mechanism for overcoming integration ties in comparison with the European Union. As a prospective development of the EAEU, the most optimal way is seen as its transformation into a kind of economic and political organization.