Assessment of Russia`s chairmanship effectiveness in the Eurasian Economic Union
Abstract. The study evaluates the effectiveness of Russia`s chairmanship in the Eurasian Economic Union (EAEU) in 2023, which holds particular significance amid the transformation of the global economy and the growing role of integration associations. The relevance of the topic stems from the strategic importance of Russia`s leadership in the EAEU against the back-drop of sanctions pressure and the restructuring of international cooperation chains. The research problem lies in the absence of a comprehensive methodology for analyzing the outcomes of chairmanships, which limits the identification of integration potential and its adaptation to external challenges. The study aims at assessing the effectiveness of this chairmanship. The qualitative methods (interdisciplinary and institutional approaches) and quantitative tools, including graph theory and regression analysis, were applied to develop an evaluation model for the integration process. The key conclusion highlights the need for transforming initiatives into sustainable institutions by aligning political decisions with global trends. The practical recommendations include implementing differentiated approaches for small economies and establishing mechanisms for rapid strategy adjustments. The future research prospects involve adapting the model to assess chairmanships in other multilateral structures and exploring lagged effects of institutional reforms.
Keywords: Eurasian Economic Union (EAEU), Russia`s chairmanship, integration effectiveness, institutional reforms, macroeconomic indicators, network assessment model, regression analysis, adaptation to external challenges.
Hightlightts:
- the impact of Russia`s chairmanship in the EAEU on intraregional trade and de-dollarization was indirect, with oil price dynamics and exchange rate fluctuations playing a more significant role;
- integration priorities exhibit uneven interconnections: digitalization and currency risk reduction serve as structural hubs, while food security initiatives remain peripheral;
- administrative measures during the chairmanship (regulatory acts, forums) strengthened the EAEU`s institutional framework but require synchronization with global development strategies;
- the sustainability of integration depends on converting short-term measures into structural reforms, including multi-level feedback mechanisms and technology transfer.
Aleksandra V. Konashchuk, Sergey N. Chernykh - Saint Petersburg State University, Saint Petersburg, Russia