Developing integration processes for the Eurasian Economic Union

This article analyzes the development of integration processes for the Eurasian Economic Union (EAEU). Initially, mutual cooperation between countries develops in specific economic areas of strategic importance, and it is assumed that in case of successful convergence, certain integration effects will be obtained, prompting cooperation to spread from related economic sectors to other areas.It is emphasized that for the EAEU countries, the issues of prospects for mutual cooperation are becoming particularly relevant, as since 2016 there have been observed the formation and development of common markets for goods and services, namely the market for medicines and medical products, the electricity market and in the future oil and natural gas markets and also financial market.The fuel and energy complex of the Eurasian Economic Union countries plays a special role of mutual interest, and so the authors justify the expediency of forming a common energy market with the possible participation of countries adjacent to the region. It is assumed that the “Energy ring†project inEurasiawill become a major trend in the world energetics and will form a new dimension of the fuel and energy sector.