Eurasian economic union: role of Russia and prospects for development

Kusainov Baurzhan Orazalovich

The article discusses the main features and role of Russia in the EAEU aspect. The author presents a critical look at the role of Russia in cooperation with the EAEU member countries, identifies the main problematic issues, as well as the positive aspects of integration. The aim of the study was to highlight and analyze the main interactions and the role of Russia in the framework of the EAEU. The study described the main difficulties in the relations between the participating countries, and the impact of the nature of integration on economic cooperation. The EAEU can be perceived as a structure that has a core and a common strategy for economic development, so today we have to talk about deepening cooperation, which gradually goes beyond the scope of a purely economic field. Moreover, the expansion strategy of the EAEU should correspond to the scenario of forming an "own center of forces", which implies the creation of a consolidated entity of geoeconomic and geopolitical relations, the introduction of an effective model of regional international cooperation. The EAEU, documented, is an economic, technocratic project that provides some advantages to its members, in particular in facilitating cross-border trade and facilitating labor migration, but also creates economic risks by raising external tariffs and potentially orienting the economy away from global markets. Until now, the EAEU has not had much economic success, although access to the Russian labor market has been an important motivator and, ultimately, a positive result for post-Soviet economies.

Keywords:EAEU, integration, Russia, economy, cooperation, harmonization.