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The global processes taking place in the economy have led to the transformation of various spheres of the economy, primarily financial, and, as a result, to changes in economic policy and its main elements-fiscal, monetary and investment policies. It is no coincidence that the recurrent crises of the last decades either originated in the financial sector or had a significant impact on changing its parameters. This situation in the context of ongoing economic and institutional changes has necessitated a flexible and regular review of the methods and instruments of monetary regulation used. Moreover, it is more difficult for the countries of integration groupings, including the Eurasian Economic Union (EAEU), to do this, given the need to coordinate the decisions and measures taken. The situation has become more complicated due to the coronavirus pandemic, which has had a significant impact on the economies of both developed and developing countries. The analysis of the correspondence of the money market parameters to the macro-financial indicators of economic security and the dynamics of the banking sector parameters, the significant economic downturn, the decrease in demand and the persistence of uncertainty about the duration of the pandemic make it necessary to adjust monetary policy.

The purpose of this paper is to comparatively analyze the corporate governance codes of transition economies, particularly five Eurasian Economic Union (EAEU) members (i.e. Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia). Specifically, the convergence or divergence of these countries’ corporate governance codes among themselves as well as relative to the best practices of the UK Corporate Governance Code (UK Code) and the OECD Principles of Corporate Governance are investigated.

Initially, the existing literature on corporate governance with special focus on transition countries is reviewed. Afterwards, benchmarking the international best practices, based on main chapters and contents, the corporate governance codes of all countries in the sample are analyzed.

The paper finds that even though some principles of the corporate governance codes of the countries in the sample differ in some aspects, they do converge to some extent. However, high misalignments between the UK Code and the OECD Principles and the codes of selected countries in some aspects were found.

The conclusion and implications of the study characterize the corporate governance of selected developing countries; thus, they might not be generalizable to other countries.

The codes of the countries in the sample should be revised, and more specifications regarding the stakeholder, board structure, its subcommittees, independence, diversity and transparency issues need to be addressed.

The paper comprehensively analyzes the contents of corporate governance codes of transition countries; from both practical and academic point of view, it was important gap that needed to be fulfilled.

After the collapse of the USSR, Eurasian integration projects, proposed by Russia, Kazakhstan and Turkey, began to develop in the post-Soviet space. Hence, there is growing interest in Eurasianism as an ideology. In this context, the study of the use of the Eurasianism's ideas in practice becomes relevant. The argument of this article is that Russia, Turkey, and Kazakstan have their own interpretations of Eurasianism's ideas to develop the ideological basis of their own integration projects. The purpose of the article is to answer the question: How is the Eurasianism used in integration projects of Russia, Turkey and Kazakstan?

The concept of Eurasianism has been viewed in terms of constructivism. On the basis of the principles of social constructivism, and in particular the works of constructivist ideologue Alexander Wendt, a comparative analysis was made. The ideas of Eurasianism in the integration processes of Russia, Kazakhstan and Turkey has been carried out based on the criteria such as the role of common ideas, identity, consciousness, memory and culture. The examples of mentioned countries were compared, to consider the development of the ideas of Eurasianism in practice.

The ideas of Eurasianism have a significant impact on the integration processes of the post-Soviet space. Eurasianism advocates for important factors such as respect for cultural and civilizational differences between different nations, their equality in the overall union and common development opportunities. Such factors are undoubtedly important for the success of integration projects. The reflection of many individual thoughts of classical Eurasians and Neo-Eurasians can be seen in the statements of various ministers and leaders of Russia, Kazakhstan and Turkey. The initiatives of these countries in creating integration projects also show the influence of the Eurasian concept.

In the 1990s, the study of Eurasianism gained new significance in academic circles. Articles and periodicals devoted to this concept were published. However, all parallels between variations in concepts of Eurasianism have been conducted on a theoretical level. The importance of this article lies in the fact that conceptual differences are compared in practice. Researchers had not previously considered the study of the relevance and productivity of Eurasianism in practice by comparing examples and experiences from different countries. The novelty of this article lies in its attempt to solve this problem.

The study carried out in the chapter aims to determine trade drivers that can successfully intensify mutual trade in products of mineral origin between members of the Eurasian Economic Union (EAEU). The authors applied the methods of correlation and comparative analysis to identify the main ways to increase foreign trade flows between integration countries under the conditions of foreign trade barriers. After using the analysis of the correlation relationship between the mutual foreign trade turnover of the EAEU countries, covering the commodity group “mineral products”, and other main statistical indicators, the authors identified the main drivers of mutual trade in mineral products. Among such methods of enhancing mutual merchandise trade are GDP growth, strengthening of revealed comparative advantages, cargo tracking mechanisms, the quality of logistics services and the level of organisation of international shipments. Transport infrastructure, timeliness of delivery and the share of domestic R&D expenditures in GDP have a less positive impact on the mutual trade of integration countries, while geographical distance and customs checks, on the contrary, have a negative impact on trade flows. The obtained results of the analytical work can help to form guidelines on which the Eurasian integration community needs to rely to achieve unhindered mutual foreign trade activities.

The main purpose of this chapter is to show the correlation of the current consolidated electricity capacity of the Eurasian Economic Union (EAEU) with the forecast indicators of electricity consumption to optimize the future energy system. It highlights the main directions of the international cooperation development in the field of hydropower and analyzes the total consumption of hydropower in the EAEU. The study is based on official data provided by international hydropower and renewable energy regulators as well as national professional regulators and statistical offices. Authors predicted total hydropower consumption of the EAEU countries for the coming years using machine learning algorithms and interpreted obtained results by an econometric toolkit. It is shown that the current hydropower capacity level will not cover future consumption, in particular, due to the increasingly growing demand for cheap electricity because of massive digitalization as one of the global pandemic impacts. As a result, the necessity was identified to gradually increasing the available hydropower capacity to balance the situation. In conclusion, it's been proposed potentially possible solutions to optimize the future energy system of the single energy market of the EAEU to achieve the required level of electricity generation from power plants operating on renewable energy sources and, in particular, water resources, taking into account the consequences of Covid-19 in the energy industry.

This research examines factors that determine the improvement of the Russian supply chain sustainability. The strategic business model incorporates ecological, social and economic aspects.

Considering Trans-Siberian Railway as a typical case, the study selected several cases or the parts of the primary rail connection with the affiliation of important neighbouring countries. The study uses quantitative analyses of a variety of size parameters (e.g. volumes of traffic, logistics costs, delivery distance and air pollutants).

The empirical findings stress that supply chains should favour in the future railway (or intermodal) connections for piggyback and containerised cargo. Herein lays the reason for the examination of all traditional factors affecting the modal choice and their complementation by the parameters to measure sustainability throughout the supply chains. The inclusion of the green practices positively affected the environmental, social and economic performance of the new approach.

This research focuses on the delivery of cargo in containers and semi-trailers within wagons through the overland corridors. Despite the restrictive empirical findings within the national transport system, some elements can be representative of the international supply chains, provided that intermodal services are the most appropriate for the transportation over long distances.

Clients, media and regulatory bodies stress the consideration of environmental aspects at all stages of a global supply chain. Therefore, their adoption into strategic imperatives of local supply chains becomes inevitable.

An assessment of supply chains for longer distance transportation in Russia has not taken sustainability into account within cost analyses.

This paper aims to analyse the mainstream and emerging global challenges and trends in the global agriculture sector. The analysis leads to a discussion on the present state of the Russian agroindustry and possible future strategies for adaptation in the context of the rapidly changing global environment.

The design of this study is based on the application of the core methods of Foresight. First, a trend analysis is undertaken using reviews and expert methods. Trends identified are mapped using a social, technological, economic, environmental, political and value (STEEPV) framework to ensure that a broad range of trends are covered, which may be stemming from various factors affecting the agriculture sector. The analysis of the big picture of global trends and challenges, interacting with country-specific structural factors, translates are translated into the opportunities and threats, which will in turn help to develop possible strategies for adaptation.

This study develops two adaptive strategies for the development of the Russian agroindustry that are feasible in different short- and long–term time horizons. The first strategy is considered to be the most likely choice for the period before 2020. It includes radical imports’ substitution (of commodities as well as machinery and high-tech components) for ensuring national food security with inevitable temporary setbacks in efficiency and labour productivity. The second strategy, which becomes feasible after 2020, considers re-integrating Russia into global supply chains and expanding commodities exports (volumes and nomenclature) based on full-scale technological modernization with the use of international capital.

The study design is based on the assumption that Russia’s position as a country, which is highly self-sufficient on basic agricultural products and large exporter of crop commodities and fertilizers, will remain unchanged in the horizon of at least 20 years. However, long-term forecasts should also scrutinize the possibility of radical structural changes. Therefore, future research should concentrate on wild cards that can completely disrupt and transform the Russian agriculture industry and as well as the whole economy.

This paper suggests a number of recommendations on national science and technology policy for the three main industries of the Russian agricultural sector: crop husbandry, animal breeding and food processing (the fisheries sector is excluded from the scope of this paper). In addition, this paper proposes a number of measures towards alleviating the institutional barriers to raise the investment attractiveness of the sector.

The novelty of this paper lies in the originality of the research topic and methodology. The Russian agricultural sector has rarely been studied in the context of global agricultural challenges and threats taken on the highest level of aggregation beyond commodity market analysis or agro-climatic and logistics factors. There are few or no studies that lay out a map of possible long-term strategies of Russian agroindustry adaptive development. The Foresight methodology applied in this study is customized to better fit the practical purposes of the study.

The negotiations leading to the UN Special Session (UN General Assembly Special Session on drugs (UNGASS)) on drugs have highlighted the lack of consensus among the global players, with some strengthening the prohibitionist approach and others seeking policy reforms. The purpose of this paper is to focus on the Russian Federation’s national policies and diplomatic activism to influence the outcome of the negotiations at the multilateral level.

A systematic review of the federal legislation on drug control and the legislation on HIV/AIDS has been undertaking in October 2016. Peer-reviewed, grey literature, policy documents, UN reports and news reports were used to gather information on the country’s response to drugs internally and externally.

Despite its limited regional influence on harm reduction and declining financial power, the Russian Federation has been successful in preserving its international priorities by opposing harm reduction and maintaining the prohibition paradigm in the UNGASS outcome.

Every effort was made to identify valid sources of information on the levers of influence of the Russian Federation. Little data were available on the real outcome of the efforts deployed in influencing the BRICS and other regional and international assemblies.

This paper presents an overview of the national policies of the Russian Federation, a global player, and provides a better understanding of how the national approach to illicit drugs and their perception influences its international position. It analyses the geographic, economic and diplomatic sphere of influence of the country in drug policies, and provides explanations on the successes and shortcomings of the Russian influence at the multilateral discussions on drugs.

Considering the dynamic correlation between advances in information and communication technology (ICT) and contemporary politics, this chapter provides an economist insight into the role of ICT in the global economy. It is argued that the analysis of the relationship between ICT and politics would be incomplete if the direct and indirect influence ICT exerts on international economy was not considered. This chapter examines the features of the international trade in ICT seen as a complex reflection of the current stage of liberalization achieved at the forum of the World Trade Organization (WTO) and subsequent spillovers to other domains of economic and political collaboration worldwide. It is argued that ICT and its development not only result in the “shrinking of the distance” in the world economy but also stimulate economic liberalization, further reshuffling production from more- to less-advanced economies and, finally, help to overcome trade imbalances on the global scale. In brief, a case is made that ICT creates the conditions conducive to the enhancement of international political and economic collaboration.