Analysis of the Existing and Potential Risks and Threats of the Implementation of Connection of the EAEU and the BRI

Abstract

In the modern multipolar world, regional organizations and associations are changing the existing world order. Each of these associations has its own goals and influence, which determine their place and role in the geopolitical world. The relevance of the conjunction between the Eurasian Economic Union (EAEU) and the Chinese Belt and Road Project (BRI) is expressed in identifying the main goals of the conjunction. This article identifies existing threats and risks, benefits and prospects as a result of the combination of two projects. The methodological research is based on system analysis, as well as a comparative analysis of the dynamics of GDP, exports and other economic indicators of the EAEU countries and China. Currently, the competitiveness of the EAEU countries with China, as well as the observance of the national interests of the EAEU member states remains an issue requiring attention. Based on the results of the analysis, a conclusion is drawn both about the benefits of building a new type of relationship, and about the remaining challenges.