The Role Of Saint Petersburg In The Eurasian Economic Union

Abstract

The article notes that the economic dominance of the Russian Federation in the Eurasian Economic Union (EAEU) leads to the fact that its largest cities begin to play an important role in shaping the socio-economic situation in the area of EAEU, for example, Saint Petersburg. The authors explore such key areas of the impact of Saint Petersburg on the socio-economic situation of the EAEU as mutual trade, mutual investment and migratory flows. The analysis shows that, despite the fact that Saint Petersburg has enormous resources and capabilities to influence the socio-economic situation in the EAEU, it does not fully realize this potential and remains more focused on cooperation with third countries. This process is exacerbated by the introduction of internal and external restrictive measures that are associated with the spread of the new coronavirus infection. All this requires coordinated work of the authorities of the EAEU countries and Saint Petersburg both in the direction of increasing the city's involvement in socio-economic processes in the area of the EAEU and in the direction of jointly overcoming the consequences of the pandemic.

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This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.104

Online ISSN

2357-1330