THE CREATION OF A COMMON ECONOMIC ZONE

Abstract

The article is devoted to assessing the state regulation of a single financial market in the framework of the formation of the union of three states - Belarus, Kazakhstan and Russia. The relevance of these issues stems from the fact that in the process of integration of the member States of the Common Economic Zone (CEZ), a number of challenging obstacles are hindering the successful advancement of this association. In this connection, there is a need to identify the problems and find ways in resolving them. Presented in this paper are current modern findings, conclusions and recommendations that may be applied towards the development of the integration process of the Single Economic Zone. Thus, this research is a promising continuance based on evaluating the amendments in the legislation of the integrating countries as well as taking into account the changes arising due primarily to the current situation prevalent on the financial markets. The findings of the study should be of interest to the regulatory authorities of Belarus, Kazakhstan and Russia in the field of financial markets, as well as for the employees of the Eurasian Economic Commission as the coordinating body for the integration processes in the economic union of these countries.