Foreign economic and trade relations of the CIS countries in the context of the transformation of integration processes worldwide

Abstract

Subject. This article discusses the strengthening of political and economic ties between the countries of the Commonwealth of Independent States (CIS). Objectives. The article aims to analyze some selected national measures by CIS country, identify the strengths and weaknesses of the economic cooperation between the CIS countries, and assess their positions in the context of the formation of a multipolar system. Methods. For the study, I used the historical and logical, and scientific abstraction methods. Results. The article presents the results of analysis of the key economic indicators of the CIS countries and states that the structure of industrial products by type of economic activity differs between partner countries significantly. Conclusions. The article concludes that in the context of tightening the sanctions regime, it is necessary to strengthen cooperation ties between the economic entities of the CIS countries.