25 YEARS OF CIS AND EURASIAN INTEGRATION PROJECTS: EXPECTATIONS, DISAPPOINTMENTS AND PERSPECTIVES

Nabi S. Ziyadullaev () and Ulugbek S. Ziyadullaev ()

Economics of Contemporary Russia, issue 2

Abstract: In the article, there is given assessment to the integration and disintegration tendencies in different stages of formation and development of CIS. Analyzed regional associations in the CIS - free trade Area (FTA), Customs Union, the Union of Belarus and Russia, Eurasian economic community (EurAsEC), GUAM, Central Asian cooperation (CACO). Special attention is paid to the more successful integration project of CIS - Eurasian economic community, which comprise of Russia, Belorussia, Kazakhstan, Armenia and Kyrgyzstan. Disclosing its features of functioning in conditions of macroeconomic pressures related to strengthening anti-Russian positions in the West. Justified directions to overcome global challenges and internal contradictions of Eurasian economic community and its forms and mechanisms of economic integration. Furthermore, ways of creating similar mechanisms for economic regulations, conducting the consensual taxing, monetary, credit, financial, trade and custom policy.

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