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Regional Economics: Theory and Practice
 

The potential and limitations of implementing central bank digital currencies in the Eurasian Economic Union countries

ISSUE 1, JANUARY 2026

PDF  Article PDF Version

Received: 6 October 2025

Accepted: 8 November 2025

Available online: 29 January 2026

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: E58, F36, F38

Pages: 56-67

https://doi.org/10.24891/ahvksh

Elizaveta V. OGLOBLINA Corresponding author, Financial University under Government of Russian Federation, Moscow, Russian Federation
EOgloblina@fa.ru

https://orcid.org/0000-0003-1946-4385

Vera V. MAKAROVA Financial University under Government of Russian Federation, Moscow, Russian Federation
VVOMakarova@gmail.com

https://orcid.org/0000-0003-3293-2139

Subject. Institutional and technological prerequisites for the implementation of digital currencies, problems of maintaining financial sovereignty.
Objectives. The article aims to evaluate the role of central bank digital currencies in promoting integration within the Eurasian Economic Union.
Methods. For the study, we used comparative and systems analyses.
Results. The article finds that a model of functional integration is being formed in the Eurasian Economic Union, based on the compatibility of digital currencies while maintaining the sovereign right of states to issue them. The key factors determining success in the process of implementing new payment methods within the Eurasian Economic Union are not any currency unification, but the alignment of operational rules, offline functionality, identification procedures, and ensuring cyber resilience.
Conclusions. Central bank digital currencies can strengthen the resilience of the Eurasian Economic Union and ensure its strategic autonomy in the transforming global financial architecture.

Keywords: central bank digital currency, Eurasian Economic Union, payment integration, financial sovereignty, cross-border settlements

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