Importance Considering the globalization and crisis phenomena in the global financial and economic system, the integration processes gain special relevance and significance. The establishment of the Eurasian Economic Union (EEU) becomes the most important integration process under the auspices of Russia. Currently, the Union State, an integration association of Russia and Belarus, insufficiently unleashed its potential, with China taking more active efforts in pursuing its interests in the EEU. The factors accelerate the process of setting up the EEU. Objectives The research identifies the factors accelerating the development of the EEU and examines the nature of their impacts. Methods The objectives were addressed by analyzing provisions and statistical data on the key macroeconomic indicators. We applied such economic research methods as abstraction and logic methods, comparative analysis, induction and deduction, depending on the specifics of tasks. Results As the research figures out, establishing effective relations with Belarus is one of the most critical aspects of Russia's foreign policy. The EEU is considered to have been set up so to unfold the potential of Union State of Russia and Belarus and make relations of some CIS States reach an absolutely different level. As suggested in the research, the Chinese interests in cooperation with the EEU States are another factor stimulating the foundation of the EEU. We assume that, under the current political circumstances, cooperation with China will be growing. Conclusions and Relevance It will be possible to better understand the priority areas of Russia's national policy development and determine the interests China pursues in activating its cooperation with the EEU if we study factors accelerating the development of the integration project in the Post-Soviet territory.
Keywords: Eurasian Economic Union, Union State, Russia, Belarus, integration, China
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