Evgeny Vinokurov, Chief Economist of the EFSD, took part in a dispute organized on the basis of Lomonosov Moscow State University on the topic economic development in Eurasia

22 June 2020

The public debate on the problems and prospects of economic and institutional development of the Eurasian Economic Union took place on June 18th. The EFSD Chief Economist acted as a keynote presenter. The Dispute Club format is increasingly popular and in high demand by expert community.

At the event, experts exchanged views on the development of the EAEU, its stumbling stones, the direction of further integration, development of financial markets, and the interaction of the EAEU with the outside world, including the European Union and China. Among the successes, the establishment of the functioning common labor market as well as the regional integration financial ecosystem, consisting of the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development, was mentioned. Evgeny Vinokurov stressed that after rapid initial progress the Union has slowed down substantially. It is now in need to sharpen up its priorities. Two priorities are of paramount importance according to the EFSD Chief Economist: first, finishing building the EAEU Common Market (achieving very high consistency of the external customs tariff; sectorial common markets; and elimination of non-tariff barriers), and, second, the establishment of good trade and investment relations with the world through a large and efficient network of free trade areas.

Evgeny Vinokurov paid particular attention to the challenges associated with the current COVID-19 crisis and its impact on the economies of the EAEU countries. In this regard, the anti-crisis function of the Eurasian Fund for Stabilization and Development is of increasing importance.