ECONOMIC DEVELOPMENT AS A PURPOSE OF RUSSIA'S PARTICIPATION IN INTERSTATE ASSOCIATION

The author discusses some problems of Russia's participation in interstate associations. In 2014 Belarus, Kazakhstan and Russian Federation created the Eurasian Economic Union (EAEU), whose goal is development economics of the founding states. The attractiveness to Union is evidenced by the fact that it was joined by Kyrgyzstan and Armenia; therefore questions are discussed regarding the forms of participation in Union by other countries. Negotiations on the conclusion of agreements on a free trade zone are being conducted with Egypt, Thailand, Iran, Mongolia, and Serbia.

The example of the Eurasian Economic Union shows the difficulties of the formation of economic relations, their regulation at the interstate and supstate level. There has been some disagreement between Russian Federation and the Republic of Belarus on the issue of tariffs for energy carriers and the receipt of sanctions goods from Europe to the Russian market. Nevertheless, the Union is developing, overcoming all difficulties. This is facilitated by the organizational structure laid down by the Treaty on the Eurasian Economic Union of 2014. The Union bodies are constantly working on creating a legal framework for the functioning of the common market. There is a development and implementation of technical regulations that allow to unify the requirements of the controlling bodies of the Member States to the quality of goods entering the market.

Risks related to competitive struggle are encourage participants of interstate economic associations to create a mechanism for protecting their economic entities. Thus, the Treaty on the Eurasian Economic Union gives the Eurasian Economic Commission jurisdictional powers that allow it to exercise the function of protecting its producers from unfair competition. The Eurasian Economic Commission has the right to initiate an investigation against companies that supply goods to the market of the Union at dumping prices.

The article concludes that it is necessary to strengthen the powers of the supranational bodies of the Union.