TRENDS AND PROSPECTS FOR THE STOCK MARKETS INTEGRATION OF EURASIAN ECONOMIC UNION

2020 ◽  
Vol 2 (7) ◽  
pp. 141-151
Author(s):  
A. G. GLEBOVA ◽  
◽  
Zh. V. IVANOVSKAYA ◽  
I. V. LUKASHENKO ◽  
◽  
...  
Keyword(s):  
Synergistic Effect ◽  
Financial Market ◽  
Stock Markets ◽  
Graphical Analysis ◽  
Significant Differentiation ◽  
Regulatory Documents ◽  
Eurasian Economic Union ◽  
The Future ◽  
Economic Union ◽  
Securities Trading

Subject/topic. Studying the ways and degree of national stock markets convergence in the Eurasian Economic Union. Goals/objectives. Analysis of the functioning of the stock markets of the countries of the Eurasian Economic Union in the light of the opportunities provided in the framework of creating a common exchange space in the future. According to the roadmap for creating a common financial market at the first stage of integration, regulatory documents will be adopted that define the mutual admission of professional participants to securities trading and unify listing procedures for issuers of EAEU member countries. Given the significant differentiation in the level of development of the exchange and post-trading infrastructure, a study of the attractiveness and analysis of problem areas for the participating countries was carried out in order to determine the optimal scenario for integration into the EAEU common exchange space. Methodology. The study used methods of comparison and analogy, scientific generalization and graphical analysis. Conclusions. The main result of the study is to identify factors contributing to the synergistic effect of the integration of stock markets of all EAEU member countries. The study showed that the important factors, along with the harmonization of legislation, are the formation of a developed exchange and post-trading infrastructure, the introduction of modern financial technologies, including cybersecurity issues, as well as the development of an integrated currency market.

scholarly journals Eurasian Economic Union and Integration Process in the Asia-Pacific

2019 ◽  
Vol 12 (1) ◽  
pp. 69-85 ◽  
Author(s):  
A. B. Likhacheva
Keyword(s):  
Asia Pacific ◽  
Economic Interests ◽  
Eurasian Economic Union ◽  
Economic Commission ◽  
One Belt One Road ◽  
The Future ◽  
Economic Union ◽  
International Interaction ◽  
International Role

In 2015, Russia, Kazakhstan and Belarus formed the Eurasian Economic Union (EAEU), later joined by Kyrgyzstan and Armenia. The Eurasian Economic Commission (EAEC), one of the key supranational bodies of the Union, received the mandate to conduct all negotiations on trade liberalization, including negotiations on FTAs with other countries, became the main operator of the conjunction of EAEU and One belt One road Initiative (OBOR), – and, thus, an important agent of promoting the interests of member states in the Asia-Pacific region. Moreover, in the future we can expect the expansion of the Commission’s mandate to other areas of international cooperation affecting the economic interests of Russia. In the context of the policy of the Turning to the East that Russia has pursued in recent years, such a redistribution of roles between the national and supranational levels requires further study. However, due to the young age of the association, both in the Russian and foreign literature, we can find relatively few studies on the international role of the EAEU and, in particular, of the EAEC. This article analyzes the Commission’s international tracks with Asian countries that are currently open and attempts to study other formats of international interaction that might involve the Commission in the future according to its current mandate. The results of the study indicate that bilateral tracks remain the dominant ones for the Commission, and the transition to multilateral negotiations within the EAEU-ASEAN or EAEU-RSEP formats can only occur in the medium term. This conclusion has been confirmed by the analysis of open information about the negotiations of the Commission, and a series of expert interviews conducted during the research.

scholarly journals Methodological forks of antimonopoly regulation of digital markets: ideas and meanings of the digital agenda of Kazakhstan

2021 ◽  
Vol 15 (2) ◽  
pp. 5-18
Author(s):  
Irina V. Knyazeva ◽  
◽  
Aldash T. Aitzhanov ◽  
Yelena S. Bychkova ◽  
◽  
...  
Keyword(s):  
Professional Community ◽  
Point Of View ◽  
Antitrust Enforcement ◽  
Regulatory Documents ◽  
Eurasian Economic Union ◽  
Regulatory Measures ◽  
Economic Union ◽  
The Republic ◽  
Antitrust Regulation ◽  
First Time

The article continues the point of view of the experts of the Republic of Kazakhstan on the issues of developing a set of measures and recommendations for regulating digital markets. Currently, among the professional community, lawyers and economists, the draft regulatory measures to the Entrepreneur Code of the Republic of Kazakhstan (EC RK) – the main legislative act providing for antitrust regulation in the state- is widely discussed. The article describes the substantive provisions of legislative initiatives in the digital field of the Republic of Kazakhstan and recommendations for their improvement, as well as methodological barriers to digital regulation. The article reflects the issues of the digital agenda of the Eurasian Economic Union, as well as the latest decisions and regulatory documents submitted by both national (China, Japan, Germany, Great Britain) and international regulators. Particular attention is paid to certain provisions of the Digital Markets Act (Digital Markets Act-DMA), the draft of which the European Commission has proposed to the European Parliament for discussion at the end of 2020. The article reflects the content characteristics of the term “gatekeeper”, introduced for the first time, which reveals the priority characteristics of the behavior of the main digital platform for creating the most balanced regime of regulatory norms in the field of antitrust enforcement.

The EU Experience as a Model for the Development of a Single Financial Market Regulation in the Eurasian Economic Union (EAEU)

2019 ◽  
Vol 16 (5) ◽  
pp. 592-621 ◽  
Author(s):  
Rustam A. Kasyanov
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Financial Services ◽  
Market Regulation ◽  
Member States ◽  
Financial Market Regulation ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
The Republic ◽  
The Eu

Five countries became members of the Eurasian Economic Union – an international organization of regional economic integration. The Republic of Kazakhstan, the Russian Federation, and the Republic of Belarus signed the international Treaty in the city of Astana, Kazakhstan on May 29, 2014. The Republic of Armenia and the Kyrgyz Republic acceded to the Treaty later. Harmonized regulation of financial markets should be one of the initial areas of cooperation, with the aims of creating a single financial services market within the EAEU and ensuring non-discriminatory access to the national financial markets of each of the member states. The EAEU member states have already entered into the initial stage of developing the Eurasian common market in financial services. A considerable part of the work should be carried out by a supranational financial market regulation body, which is to be established by 2025 according to the EAEU Treaty. Such financial integration in the EAEU has only been in progress for a limited time period and many of the key steps are yet to be done. The existing national-markets development level is highly non-homogeneous and is in need of further development. In such circumstances, a relevant question related to the study of foreign experience arises. European Union started to form its single financial services market in 1973, and since then it has gained certain experience in financial markets integration. This research paper is dedicated to the issue of necessity and possibility of using the EU experience in the course of the EAEU Single market development. The issue will be addressed in terms of political, legal, academic, and practical aspects. The article is of a general, theoretical legal character, which is why emphasis will be placed on legal and doctrinal questions. Special attention will be paid to an analysis of the Eurasian Economic Union Treaty and its Protocols. The work will be based on the academic research and opinions of Russian and foreign authors.

The Future of Industrial Labor in the Member States of the Eurasian Economic Union

2021 ◽  
pp. 297-305
Author(s):  
Vladimir S. Osipov ◽  
Valeriy O. Timchenko ◽  
Vitalii V. Mishchenko ◽  
Mikhail Yu. Zakharov ◽  
Tatiana P. Saraldaeva
Keyword(s):  
Member States ◽  
Eurasian Economic Union ◽  
The Future ◽  
Industrial Labor ◽  
Economic Union

Reforming and Integrating Pension Systems in the Eurasian Economic Union

2019 ◽  
Vol 2019 (5) ◽  
pp. 40-64
Author(s):  
Egor Zabolotskii
Keyword(s):  
Member State ◽  
Financial Market ◽  
International Organizations ◽  
Theoretical Framework ◽  
Pension Funds ◽  
Member States ◽  
Pension Systems ◽  
Eurasian Economic Union ◽  
Economic Commission ◽  
Economic Union

In recent years the Eurasian Economic Commission (EEC) pursues a policy aimed at improving cooperation among the Eurasian Economic Union (EEU) member states in pension area. Creation of a single financial market, to which pension funds are also parties, is expected to be completed in the EEU by 2025. The purpose of this paper is to make recommendations for further reforms of the EEU pension systems and their possible integration. The scope of the study refers to existing arrangements in pension area among the EEU member states and their pension systems. The theoretical framework of research relates to works of national and international organizations and scientists in pension area as well as relevant normative legal acts and agreements between the EEU member states. The results of the study can be used by EEC and member state executive authorities for further cooperation in pension area.

scholarly journals FORMATION OF AN INTERSTATE SPECIALIZED ZONE FOR THE PRODUCTION OF AGRICULTURAL PRODUCTS

2018 ◽  
Keyword(s):  
Synergistic Effect ◽  
Agricultural Products ◽  
Basic Principles ◽  
Dynamic Development ◽  
Eurasian Economic Union ◽  
Agricultural Potential ◽  
Economic Union ◽  
Effective Use

оnе of the basic principles of the functioning of the Eurasian Economic Union is to achieve a common synergistic effect, which allows simultaneously to ensure the level of dynamic development of his agrarian sphere of economy and each country of the Union through the effective use of aggregate of agricultural potential. This will serve as a basis for fruitful mutually beneficial and comprehensive cooperation in the agrarian sphere of the economy, both within the Union and beyond.

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