New Contours of Greater Eurasia

Abstract

While the European Union is undergoing processes of disintegration like the UK’s withdrawal from its membership, the possible collapse of the UK, budget problems, subsidies decrease, territorial and financial disputes and claims – Eurasian integration is slowly and steadily raising. The principle of “communicating vessels” in the course of integration on the continent works largely due to the fact that the European Union and the Eurasian economic Union are single-order system entities with a similar history. Currently, due to the lack of integration in Europe, the EEU has begun to develop intensively. A Large Eurasian partnership is being formed. It is a network of bilateral and multilateral trade agreements with different depth, speed and level of interaction, with market openness depending on the readiness of a particular national economy to work together. Among the BEP’s principles are voluntary, mutually beneficial, equal rights, transparency, and strict compliance with international law and obligations. Despite of a number of issues, such as strengthening of the opposing Eurasian integration trends, the institutional weakness of supranational bodies, lack of development of a regional segment of the Eurasian integration, the Eurasian Union is the path which allow its members to take a worthy place in the complex world of the XXI century.