Importance The article discusses the tax reform of the fuel and energy sector of the Russian Federation and its impact on the EEU countries, and overviews global practices of taxation of the oil and oil products sector. Objectives The research determines the reasonableness of the tax reform in the Russian fuel and energy sector and its impact on cross-border markets of oil and oil products in the EEU countries. Methods I applied a comparative analysis of data. Results The Russian oil and gas sector significantly influences its socio-economic position, foreign and domestic policy, financial system, since the national budget still depends on export of natural resources. Changes in the external market conditions, drop in oil prices and global demand for resources affected the mutual trade among the EEU countries and third countries, putting pressure on exchange rates of the national currencies, thus having effect on cross-border markets of oil products in the EEU countries. Conclusions and Relevance To overcome the existing economic situation, there should be strengthened integration processes within the EEU. Common markets of oil and oil products are one of the critical priorities for integrated cooperation of those countries in oil and oil products. If the market model of cross-border markets of energy products is improved, it will lower barriers impeding the penetration to those markets, thus boosting competitiveness of the Union as a whole and its members in particular.
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