Eurasian integration: Reality and development prospects in the context of external shocks and fragmentation of global trade


Sarygulov A.I. Zvyagintsev A.I. Raipov A.A. Tick A.
2025Southern Federal University

Terra Economicus
2025#23Issue 2107 - 125 pp.

The purpose of this paper is to analyze the dynamics of the processes of the Eurasian integration since the establishment of the EAEU in 2015, taking into account the events that followed after February 2022, which introduced significant changes in the geography of the foreign trade of the EAEU countries and, to a certain extent, stimulated the processes of fragmentation in world markets. Russia, as the largest economy of the EAEU, experienced a significant restriction on energy exports to Europe, a narrowing of the possibilities of using financial instruments and resources of global markets, which is reflected in the pace of the Eurasian integration. The results show that, given the relatively low competitive advantages in the global markets of all five countries of the EAEU, and the emerging fragmentation of the world trade, their economic integration will be largely predetermined by the development of trade and cooperation ties with the Russian economy. Based on the mathematical model, it is demonstrated that the stability of integration processes to external shocks can be ensured, in particular, by a coordinated macroeconomic policy of the EAEU countries, even if it is of a recommendatory nature.

competitive advantages , Eurasian economic integration , inflation , world trade fragmentation

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Zhetysu University, named after I. Zhansugurov, Department of Economics, Taldy-Korgan, Kazakhstan
Mikhailovskaya Military Artillery Academy, Saint Petersburg, Russian Federation
Obuda University, Faculty of Business and Management, Budapest, Hungary

Zhetysu University
Mikhailovskaya Military Artillery Academy
Obuda University

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