STATE SOVEREIGNTY IN THE CONTEXT OF EURASIAN INTEGRATION

Abstract

The Eurasian economic Union (EAEU) is rapidly moving forward showing significant economic achievements and strengthening its position in the world economy. Over the past few years with the beginning of the full-fledged work of the EAEU in 2015 the participants of the integration managed to achieve success in their socio-economic development. The integration movement of the post-soviet states towards Russia has justified itself. However, the process of development of Eurasian integration faces a number of difficulties one of which is the inefficiency of the supranational body of the EAEU. This problem does not allow the EAEU to fully realize its potential both for the domestic economic development of the participants and for successful positioning on the international arena. Fearing the limitations of their national sovereignty participants of the Eurasian economic Union are not politically active. It allows not only strengthening the effectiveness of the Union but also creating a comfortable economic atmosphere in which each member of the EAEU will receive certain benefits. Russia will protect itself from possible destructive trends on the southern flank. Post-soviet states that have joined the Eurasian integration will receive an incentive to develop the economy. Further success in the development of Eurasian integration will depend on the readiness of the participants to give the supranational structure of the EAEU wider powers. Accordingly, the participants of the Eurasian Union will have the opportunity for economic and technological growth which will create a «safety cushion» in the event of economic turbulence.

Keywords

• eurasian economic union (eaeu)
• eurasian economic commission (eec)
• russia
• supranational body
• sovereignty
• post-soviet space
• integration