Yurii Poita on the results of the EAEU summit

Recently, a meeting of the Supreme Eurasian Economic Council was held, which demonstrated the use by Russia of the Eurasian Economic Union as an instrument of geopolitical influence in the post-Soviet space and the expansion of Moscow’s influence to other regions.

At the same time, the economic prospects of the EAEU remain low – the work to remove obstacles to access to the markets of the member states is carried out slowly and does not allow the free movement of goods to the Russian markets. The solutions, developed to remove barriers, are mostly formal and help to protect the Russian market from the goods of the member countries.

Foreign investment is the basis of the macroeconomic policy of the EAEU but FDI has significantly decreased, the budgets of the EAEU states will remain in deficit and the economies of the member states will need external financing. Mutual direct investments remain insignificant, and their increase is not expected.

Russia is trying to deepen integration by unifying the legislation of the members in various areas, and by cooperation in the production of vaccines against COVID-19. Moscow also uses the dependence of the EAEU countries on labor migration in Russia, and is trying to prevent a decrease in energy dependence on Russia.

Interestingly enough, Minsk tried to use the EAEU to form a unified anti-Western position, which could draw other countries, incl CA, into confrontation with the West. While they would like to maintain constructive relations with the EU and the US.

Yurii Poita

Head of the Asian Section

He has been working as a Head of the Asia-Pacific Section at the Center for Army, Conversion and Disarmament Studies (Kyiv, Ukraine). Yurii also is a sinologist and member of the National Union of Journalists of Ukraine.

He studied at the Institute of International Relations of the Kyiv International University, the Wuhan Research Institute of Postal and Telecommunications (China), Zhytomyr Military Institute (Ukraine). At the moment Yurii is a PhD candidate at the Al-Farabi Kazakh National University.

He has experience in defense, international journalism, analytics and research.

Research interests: China’s influence in the post-Soviet space, “hybrid” threats to national security, Ukrainian-Chinese relations, the development of the situation in the Asia-Pacific and the Central Asian region.

He took part in a number of expert and scientific discussions in Ukraine, Kazakhstan, Kyrgyzstan, Israel, China and other countries. He has participated in research projects on the consequences of educational migration to China, interethnic conflicts and the protest potential of Kazakhstan, creation of a new Asian strategy of the MFA of Ukraine, study of Ukraine’s relations with the countries of Central and East Asia.

Speaks Ukrainian, Russian, English and Chinese.

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May 2021
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