Formation of the Common Financial Market of the Eurasian Economic Union: the Current State and New Factors of Integration

The authors analyze current situation in the common market and the data on foreign trade of the member states of the Eurasian Economic Union. Also, the EAEU decisions in the sphere of establishing common financial space and the measures on boosting the cooperation in industry are being examined. The conclusion is made that further common steps towards higher pace of industrial cooperation are needed.

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Securitization and the Economy of Risks

Foreign Direct Investments ◽

10.4018/978-1-7998-2448-0.ch073 ◽

2020 ◽

pp. 1662-1675

Author(s):

Oxana Karnaukhova

Keyword(s):

Decision Making ◽

Economic Integration ◽

Historical Memory ◽

European Economic Area ◽

Way Of Life ◽

Strategic Risk ◽

Eurasian Economic Union ◽

The Common ◽

Economic Union ◽

In The Beginning

In the beginning of the 21st century the society of the Second Modernity with incalculable risks marks human conditions in orientation and self-categorization on the basis of historical memory. The dichotomy “We-Other” influences strategic risk decisions. Security is becoming the umbrella topic referring to public goods, transnational markets, “the specific way of life”. In the context of different agreements and regulations co-existence (such as European Economic Area, Eurasian Economic Union, BRIC etc.) claims for personal and collective safety together with the rhetoric of memorization influences decision-making process and becomes a burden of securitization. The “Eurasian” project of integration is observed in its transformation from being based on the post-Soviet memory toward economically beneficial cooperation. Still the Eurasian Economic Union is seen as vague in its goals and instruments, relying on the approach to economic integration with the reference to the common past, memories and identity.

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On Legal Possibilities of Limiting Labor Migration within the Eurasian Economic Union: from Theory to Practice in Conditions of the COVID-19 Pandemic

10.19181/demis.2021.1.2.6 ◽

2021 ◽

Vol 1 (2) ◽

pp. 77-85

Author(s):

Dmitry V. Ivanov ◽

Maria M. Levina

Keyword(s):

Labor Market ◽

Labor Migration ◽

Union Member ◽

Member States ◽

Efficient Operation ◽

National Legislation ◽

Eurasian Economic Union ◽

Coronavirus Infection ◽

The Common ◽

Economic Union

The article is focused on the study of the legal possibilities of restricting labor migration flows within the framework of the Eurasian Economic Union (hereinafter – the EAEU, the Union). Taking into account the fact that the deepening of the economic integration between the EAEU’s member states (Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia) also largely depends on the efficient operation of the common labor market, it is especially relevant to ensure that legislative measures aimed at overcoming the negative consequences of the spread of a new coronavirus infection (COVID-19) fully correspond to the legal conditions for its development. The analysis carried out by the authors is based on a two-level system of studying the relevant legal norms – the level of international treaties and acts that constitute the law of the EAEU, and the level of national legislation of the Union member states. Although Section XXVI of the Treaty on the EAEU secures the freedom of movement of labor in the Eurasian space, the norms of this agreement, however, provide for the possibility of introducing certain restrictions on admission to the common labor market of citizens of the Union member states. In view of the fact that the relevant provisions of the EAEU law were widely tested in practice in 2020, the authors consider them through the prism of those anti-crisis and stabilization measures that have been taken by the states in connection with the threat of further spread of the new infection. At the same time, the imposed restrictions are to be examined in this work with the use of a comparative method of analysis: to what extent the regulation of the legal status of citizens of the Union member states in the territories of the host state has been changed in the national legislation of the Union countries. In the final part of the present article, the authors assess the legal compliance of the taken measures with the statutory goals of the EAEU, as well as review the current problems in the further development of an agreed and effective system for regulating migration processes, given the actions of states to prevent the spread of coronavirus infection.

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Organizational, Legal and Methodological Issues of Forensic Ecology in the EAEU Countries

Theory and Practice of Forensic Science ◽

10.30764/1819-2785-2021-2-122-129 ◽

2021 ◽

Vol 16 (2) ◽

pp. 122-129

Author(s):

N. V. Mikhaleva

Keyword(s):

Anthropogenic Impact ◽

Methodological Issues ◽

Mutual Exchange ◽

Cross Border ◽

Environmental Objects ◽

Eurasian Economic Union ◽

Current State ◽

The Russian Federation ◽

Economic Union ◽

The Republic

The article addresses the current state of forensic ecology in the Republic of Kazakhstan, the Republic of Armenia, and the Republic of Belarus. The author has analyzed the relevant publications and the data of the oﬃcial websites of forensic organizations conducting this type of forensic examination. The article presents the methods used by forensic ecologists, highlights the problems they face.The paper also reveals the unequal level of forensic ecology in Kazakhstan, Armenia, and Belarus; simultaneously, it shows that the need for its improvement is recognized in all these countries. Finally, the author notes that for such a development, mutual exchange of experience is essential, as well as the validation of methodological materials developed primarily in the Republic of Kazakhstan and the Russian Federation, with a view to their application in other countries of the Eurasian Economic Union, especially when conducting forensic examinations in cases related to the cross-border negative anthropogenic impact on environmental objects.

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

European Company and Financial Law Review ◽

10.1515/ecfr-2019-0021 ◽

2019 ◽

Vol 16 (5) ◽

pp. 592-621 ◽

Cited By ~ 1

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.

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

EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA ◽

10.36871/ek.up.p.r.2020.07.02.017 ◽

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.

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The Eurasian Economic Union (EAEU) From the Perspective of International Relations (IR) Theories

Regional Integration and Future Cooperation Initiatives in the Eurasian Economic Union - Advances in Finance, Accounting, and Economics ◽

10.4018/978-1-7998-1950-9.ch003 ◽

2020 ◽

pp. 37-55

Author(s):

Gülşen Şeker Aydın

Keyword(s):

International Relations ◽

Stability Theory ◽

Customs Union ◽

Economic Space ◽

Eurasian Economic Union ◽

Eclectic Approach ◽

Overall Evaluation ◽

The Common ◽

Economic Union ◽

Hegemonic Stability

This chapter examines the Eurasian Economic Union (EAEU) from the perspective of the main theories in the Discipline of International Relations (IR). The author sketches out the main stages of the development of the EAEU cooperation by highlighting the conceptualization of the scheme by President Nazarbayev of Kazakhstan in 1994, the establishment of the Customs Union (CU), and the Common Economic Space (CES) between Russia, Belarus, and Kazakhstan in 2010. Theories analyzed include Neo-Realism, Neo-Classic Realism, Hegemonic Stability Theory, Liberalism, Functionalism, Neo-Functionalism, Neo-Institutionalism, the English School, Constructivism, and Neo-Gramscian Theory. The author makes an overall evaluation and stresses the need for an eclectic approach for analyzing the EAEU experience.

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Reforming and Integrating Pension Systems in the Eurasian Economic Union

Moscow University Economics Bulletin ◽

10.38050/01300105201953 ◽

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.

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