Comprehensive analysis of sustainable development of the countries of the Eurasian Economic Union

¹ St. Petersburg State University of Economics, Faculty of Economics and Finance, 191023 Sadovaya St., 21, St. Petersburg, Russia
² St. Petersburg State University of Economics, Faculty of Informatics and Applied Mathematics, 191023 Sadovaya St., 21, St. Petersburg, Russia
³ The Russian Presidential Academy of National Economy and Public Administration, Faculty of Economics and Finance, 199178, Sredny prospect V.O., 57/43, St. Petersburg, Russia

^* Corresponding author: selishcheva@list.ru

Abstract

Research background: the economies of the member states of the Eurasian Economic Union are of a raw material nature, therefore they have a large carbon footprint in their products and serious environmental problems. This complicates the transition to sustainable development, which presupposes the coordinated development of the economy, ecology and social sphere.

Purpose of the article: based on the analysis of the system of indicators of the effectiveness of sustainable development, identify the existing problems of the EAEU countries and propose a system of measures to resolve them.

Methods: the study analyzed the literature on sustainable development, studied and analyzed strategies for the transition to sustainable development of the EAEU countries, used statistical analytical reports and forecasts of the main indicators of sustainable development presented on the websites of the UN, the Eurasian Economic Commission, the World Data Atlas “Knoema”, Yale Center for Environmental Law and Policy, Boston Consulting Group.

Findings: An assessment of the indicators of the sustainability of development of the EAEU member states was carried out, an analysis of their policies within the framework of the Paris Agreement was given. The conclusion is made about the decrease in the efficiency of the rational use of ecosystems and natural resources in the EAEU countries, the growth of environmental problems. This hinders the progress of the EAEU countries along the path of sustainable development. The need for the formation of a unified supranational environmental legislation within the EAEU has been proved.