EAEU from Lisbon to Vladivostok: Transformations and Perspectives
EastContact, the exclusive publication of OWC Foreign Publishing House, is dedicated to the idea of European-Eurasian economic partnership and in particular to the idea of a Common Economic Space from Lisbon to Vladivostok.
While the number of non-tariff barriers in the world is rising, the EAEU is pursuing a decrease of NTBs – and alignment of technical standards with the EU. However, immediate benefits to European companies have not yet materialised.
This volume analyzes the evolution of geo-political and economic integration in the Eurasian area. The Eurasian integration is a growing phenomenon and the largest scale analysis proves necessary to avoid simplistic judgments based only on the geo-political approach. The editors of this publication present different profiles of integration, such as the geo-political and constitutional aspect, the relations with the European Union, migration issues, energy flows, the compatibility between the Eurasian and the WTO law, and the comparison with the European integration model. The book presents a wide range of viewpoints through essays of specialists from Russia, Ukraine, Lithuania, Belarus, Italy, France.
The monograph reflects on the dynamics of the EU role in global governance processes, presents analysis of the methods and instruments the EU employs for achieving its objectives in the international arenas, models and options of multilateral partnerships. The EU’s evolving role and influence in the G7/G8 over the last ten years reflecting its growth in power and influence as well as the EU expanding community competencies and legal authority is specifically explored, as an area which so far has not been sufficiently investigated. The work is tracing the transformation of the EU identity as a global actor in the recent decade and looks into how these changes affect the EU – Russia relationship. The book adds value to the scholarly literature in the field of studying the EU as a global actor. The contributions aim to serve as a reference and analysis for academics and students in the fields of political science, economics, law and other disciplines. The work aspires to be helpful to government officials, financial institutions, research libraries, the news media, and to members of the interested public.
This paper analyzes Belarus energy system, relations between Belarus, Kazakhstan and Russia in the framework of the Customs Union and the Common Economic Space. The consequences of the recent political crisis in Ukraine will inevitably lead to the review of the relations between the European Union and Russia. In these new conditions, the members of the Common Economic Space of Belarus, Kazakhstan and Russia must develop a new concept of energy security. This new concept should allow to decrease substantially the influence of the export of hydrocarbons on the economic development of abovementioned countries, thus increasing the competitiveness of their national economies. As a first measure, the members of the Eurasian Union should create the single energy market
In the next two years, the UK will be faced with a complicated geopolitical situation. The relations with its two key partners – the EU and the USA – will be changed. The USA, when dealing with European issues, will begin to rely on Germany rather than on the UK. It will be necessary to negtiate with the EU a new relationship model that will envisage that the UK should not participate in the decision-making process inside the European Union, and should have no internal inﬂuence there. Simultaneously, there will be a need for negotiations on new trade agreements with a number of countries that are not EU member states, because the UK, once it has withdrawn from the US, will automatically ﬁ nd itself outside of the international trade agreements concluded on behalf of the EU, including those in the framework of the WTO.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.