... of the last two sections of the memorandum in question.
Russian Foreign Policy Achievements
Russia’s foreign policy in the past decade was successful by and large and quite masterful at times. It largely matched the world challenges. A stagnant economy was the weak link. Foreign policy has compensated for that weakness so far. But this resource is now close to exhaustion. The country has regained its military potential at a qualitatively new level and at still tolerable costs. The expansion ...
... development in the form of investment, technology, large infrastructure and transport projects, human capital and labor.
As to the EEU, integration within the framework of the Union allows to reduce significantly transaction costs across the space of a huge ... ... million people, to remove barriers to the movement of capital, goods and labor, which can become a significant stimulus for the economy of Russia and its neighboring countries. Implementing this strategy, however, faces certain constraints and requires a ...
... the creation of a common economic space that stretches from Lisbon to Vladivostok.
Economic integration implies readiness to share the risks among all members of the Union. In your opinion, how might economic crises in other countries involved in the EEU impact your country’s economy?
Minsk faces no political or economic pressure from world powers over its involvement in the EEU.
Denis Melyantsov:
Belarusian economic cooperation with Kazakhstan, Armenia and Kyrgyzstan is weak, so the crises in these countries cannot exert ...
... sphere and entirely within the economic sector. Belarus will not be shocked to learn the outcomes of the election. The country is expecting changes in its economic policy after the election.
So what are economic and political discussions all about?
Economy
Belarusian liberals
believe that the current economic structure fails to ensure sustainable growth in prosperity, development and protection from internal and external shocks. This is something not to argue about. The Belarusian economy is suffering ...
... ruble in the winter of 2015 caused a significant depreciation of the Armenian dram. Economic hardships in Russia bring about a curtailment of Armenian supplies to the Russian market, which is regarded in Yerevan as a serious challenge to the national economy.
The EEU is supposed to reach is “design capacity” in 2025. What do you think the bloc will look like in ten years?
Vagram Ter-Matevosian
: It is hard to say what will happen in ten years’ time; however, when it comes to Armenia, I would ...
... Caribbean Community (CARICOM) makes use of the legal model. The EU operates a clearly defined legal mechanism whereby the European Commission monitors all ongoing integration processes and resolves all disputes that arise.
The fact that the process of EEU countries’ integration into the world economy runs parallel to their profound restructuring of their own national economies and the search for optimal development models is a complicating factor for them.
Thus, the problem is not so much the existence of disputes per se, as the willingness ...
... in place would be much more coordinated. If U.S. LNG and oil were to go to Europe, Russia would have trouble diversifying its economy due to reduced export revenues.
According to both U.S. and European experts, the TTIP may be signed while Obama is in ... ... development outside TPP and TTIP limits? No clear-cut answer is apparent in the immediate term. As for the Eurasian Economic Union (EEU) and BRICS, their cooperation potential remains great, but still has to prove its economic worth.
Importantly, U.S. trade ...
... Belarus, its Customs Union partners.
Today, especially with the ongoing Ukraine crisis and the gradual consolidation of international public support for sanctions against Russia, it seems rather difficult even to mention an integrated Greater Europe economy, since there are too many interwoven disagreements generated by the customs norms of the EU, EEU and WTO. In addition, the European Commission from time to time has accused the EEU of protectionism, and not without formal grounds. As a matter of fact,
the EU average protective duty runs at 5.5 percent, while the figure for Russia is 10 percent
...
