Formation of the Common EAEU Market of Oil and Oil products: the Basis of the Union Stability Island in a Stormy World Ocean of Global Speculations

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Formation of the Common EAEU Market of Oil and Oil products: the Basis of the Union Stability Island in a Stormy World Ocean of Global SpeculationsFormation of the Common EAEU Market of Oil and Oil products: the Basis of the Union Stability Island in a Stormy World Ocean of Global SpeculationsFormation of the Common EAEU Market of Oil and Oil products: the Basis of the Union Stability Island in a Stormy World Ocean of Global SpeculationsFormation of the Common EAEU Market of Oil and Oil products: the Basis of the Union Stability Island in a Stormy World Ocean of Global Speculations

Prices slump in the world oil markets in the second half of 2014 significantly damaged Russian economy. It became clear that something should be done. The article formulates the main directions and organizational model of forming the system of the EAEU oil and oil products markets. In fact, given the importance of budget revenues and corporate income from the crude oil and oil products sales (including relationship with the national currency exchange rate), it is a question of ensuring national security of our friendly countries through the joint regulation of the union oil markets by the states — the EAEU members. The EAEU system of oil and oil products markets (in the short term, the common EAEU market of oil and oil products) — is not only a mechanism of a certain commodities turnover management, but also a tool supporting the national currency exchange rate, the volume of gold and currency reserves, social programs realization and, therefore, a guarantee of their sustainability development.

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