... of interests in its dialogue with the partners. For example, amidst the current global energy and food inflation crises, as well as rising global interest rates, Russia can offer commodities, food and debt refinancing on more favorable grounds to the EAEU member states in return.
No dollar, no problem?
The imposition of tough financial sanctions on Russia, including the disconnection of some national banks from SWIFT, is causing significant losses for the nation’s finances. This is due to the fears of real sector companies, banking and financial institutions from friendly states of being “hit” ...
... into the EAEU. Even though the matter of Tajikistan’s possible accession to the Eurasian Economic Union was discussed at length domestically, it never translated into a real project (unlike in the case of Uzbekistan that became an observer at the EAEU). Until recently, Tajikistan was the only country in the CIS where such a scenario was a possibility. However, sanctions pressure on Russia and Belarus, the two leaders of the Eurasian integration, is most likely to take discussions of the integration scenario outside of Tajikistan’s official discourse, and the country’s authorities will focus on bolstering its bilateral ties with ...
... consequences of political conflicts between one member of an economic union and other countries may affect it directly, as was the case, for example, in 2014, when New Zealand refused to create an FTA with the Customs Union.
However, unilateral countersanctions imposed by Russia directly affect the interests of the EAEU member countries and the stability of the Union itself (primarily politically). For example, the unilateral food embargo announced by Russia in 2014 against the European Union and some other countries irritated the EAEU member states not because ...
... This is why the EAEU cannot offer Iran anything comparable to what China offers. Then, there is the special position that Russia occupies on the EAEU energy markets. Tehran can hardly expect to significantly increase its gas supplies to Armenia, as Russia continues to have a hold on this market. Finally, U.S. sanctions play a huge role in limiting development opportunities, and the EAEU and Iran can only partially neutralize their negative effects.
At the same time, the parties are in a position to work on removing other equally important obstacles, for example, developing a transport and logistics infrastructure and automating ...
... far have failed to settle the issue.
The international sanctions against Russia, which are designed in such a way that they hot the country’s trade and economic relations with its allies, are a significant factor in bilateral relations. The counter-sanctions imposed by Russia against the European Union have created barriers in the implementation of the customs union within the EAEU. Due to the geography of international transit corridors, the common Russia–Belarus customs space has felt the brunt of the blow.
Another sore spot in bilateral relations is the “sanitary and trade” disputes that are taking place against the ...