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12 January, 2017|

Demidenko M., Mironchik N., Kuznetsov A. (2016) Dollarization: Causes and Policy Implications. Bank Bulletin Magazine, No 12/641 (December), pp. 3–10.

The article addresses the issue of dollarization in the Republic of Belarus. The authors elaborate on possible measures to reduce the level of dollarization in the country.

Full text

23 December, 2016|

Vinokurov E. (2016) Eurasian Economic Union: A Sober Look. Voprosy Ekonomiki, 12, pp. 43–60.

The paper appraises current progress in establishing the Customs Union and the Eurasian Economic Union (EAEU). Although the progress has slowed down after the initial rapid advancement, the Union is better viewed not as an exception from the general rules of regional economic integration but rather as one of the functioning customs unions with its successes and stumbling blocs. The paper reviews the state of Eurasian institutions, the establishment of the single market of goods and services, the situation with mutual trade and investment flows among the member states, the ongoing work on the liquidation/unification of non-tariff barriers, the problems of the efficient coordination of macroeconomic policies, progress towards establishing an EAEU network of free trade areas with partners around the world, the state of the common labor market, and the dynamics of public opinion on Eurasian integration in the five member states.

16 November, 2016|

Vinokurov E. (2016) Unter Partnern Ein nüchterner Blick auf die Eurasische Wirtschaftsunion. Osteuropa, 5, pp. 129–140.

Evgeny Vinokurov. “Among Partners: The Eurasian Economic Union.”

The Eurasian Economic Union, founded in 2015, is the most important integration project in post-Soviet space. After more than two decades of disintegration and failed reintegration, Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan now have for the first time a common market for goods and services. However, some goods are exempt and non-tariff barriers are numerous. For now, coordination of monetary and fiscal policies remains only a goal. Just as important as internal integration is the expansion of cooperation with China and the European Union as the new common market’s most important partners. The creation of a “Fortress Eurasia” would be suicide.

16 September, 2016|

Vinokurov E., Pereboyev V. (2016) Mapping the Potential EU-EAEU Cooperation Agenda: Readmission Agreements, Visa-Free Regime, Labour Migration, Mobility of Pensions, Large-Scale Educational Exchanges, Recognition of Professional Diplomas and Certificates. IIASA Working Paper, WP 16-013.

This paper deals with a potential long-term cooperation agenda of the European Union and the Eurasian Economic Union (EAEU) on the movement of people. The paper provides a brief technical background on five various issues. It argues for the visa-free regime; advancing large-scale academic exchanges; introducing the mobility of trans-border pensions between two integration blocs; and partial recognition of professional certificates and diplomas. At the same time, authors argue against prematurely raising the issue of the labour migration in the EU-EAEU context.

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28 July, 2015|

Vinokurov E., Tsukarev T. (2015) Agenda for the EEU Economy. Valdai Papers, No 25, July

The authors consider the emergence of the EEU to be a major step forward after a number of false starts in the 1990s and 2000s. To promote the integration’s impact the authors suggest the agenda for next 10 years which includes completing the formation of a single market for goods and services, unifying non-tariff barriers within the union, coordinating macroeconomic policy, creating a network of free-trade areas and free-trade agreements. The authors note that despite the mechanisms have yet to undergo substantial improvements, the EEU is already a single economic space with a relatively clear development roadmap and growth prospects.

1 December, 2014|

Vinokurov E. - Mega Deal Between the European Union and the Eurasian Economic Union. Russia in Global Affairs, №4

Evgeny Vinokurov, Ph.D., Director, Center for Integration Studies, Eurasian Development Bank

Abridged version published in Russian in: Izvestiya, October 6th, 2014 and TASS, October 14th. Abridged English version to be published in: World Finance Review, December 2014. Complete paper

11 August, 2014|

Vinokurov E., Libman A. (2014) Do Economic Crises Impede or Advance Regional Economic Integration in the Post-Soviet Space? Post-Communist Economies, 26 (3), pp. 341-358

This article investigates the effect of economic crises on the development of post-Soviet regional integration, focusing on Russia–Kazakhstan relations and particularly the case of the Belarus, Russia and Kazakhstan customs union. While the literature often argues that crises are accompanied by growing protectionism, we observe a substantially more complex relation. We find that crises as a rule result in an increase in integration rhetoric and can also result in an increase in actual economic and institutional integration. However, the actual integration effort goes up only when a crisis has followed a prolonged period of economic growth, i.e. the countries have accumulated sufficient reserves. At the same time, the existing ties must be strong, with no viable alternative available to the policy makers. Otherwise there is too strong an incentive to use protectionist measures to compensate for the decrease in budgetary revenue.

8 May, 2014|

Evgeny Vinokurov - EU-Russia Economic Relations: Looking Ten Years Ahead, World Finance Review

The EU-Russia relations experienced several waves of relative successes and failures over the last 23 years. Signing a Partnership Agreement in 1994 (functional since 1997 until 2007, when it has not been prolonged) was an evident success. The years 2003 and 2004 happened to be a particular period of growing interest and optimism in economic cooperation and even integration of the European Union and Russia. However, in the following years, this issue receded into the background.

EDB Member States

  • Russian Federation


  • Republic of Kazakhstan

    of Kazakhstan

  • Republic of Armenia

    of Armenia

  • Republic of Tajikistan

    of Tajikistan

  • Republic of Belarus

    of Belarus

  • Kyrgyz Republic