TATUL MANASERYAN
toolkit . 19 During the research it was determined that the political aspect alone is not enough for the preservation and effective development of the Eurasian Economic Union , as common economic interests and the possible effects of their implementation are the crucial components of viability for any integration union including the EAEU country members . 20 In this regard , the formation of the system of economic security of the integration union of Russia , Belarus , Kazakhstan , Armenia and Kyrgyzstan is a relevant issue . In order to contribute to the integration of the countries of the Eurasian Economic Union based on geopolitics , it is necessary to ensure economic security that determines both theoretical and practical significance . 21
Prospects to overcome existing challenges
There are no panaceas or transnational structures for solving the issues described above and establishing harmony between economic growth and environmental protection . In general , all solutions may start from the basic principle of “ Think globally , act regionally and locally ”. In particular , solving environmental issues in the EAEU requires joint actions by neighboring states despite existing disparities in economic , political and social development . There are peculiarities present in each region that need to be considered in order to find the right way to deal with environmental issues and promote regional cooperation through justified regional environmental projects and learning from success stories in other regions of the world .
For example , there is an agreement between Egypt and Sudan on the use of the water of the Nile River that excludes Ethiopia , which is upstream . This creates problems for Ethiopia . In the Middle East , water coming from Eastern Anatolia is controlled for Egypt , Syria , Israel and Jordan . In another case , business , trade , tourism , health and public life suffer badly from the smoke and haze of forest fires in Indonesia that impacts its neighboring countries as well . El Nino and other hurricanes cause colossal damages to many nations , therefore requiring the collective action for protection and forecasting the possible consequences for all . Cooperative measures have a positive influence on political and economic stability locally and regionally . The Madrid peace process
19
Valentina Kovaleva et al ., “ Current Issues of Economic Security of the Eurasian Economic Union ,” International Journal of Engineering & Technology 7 , no . 3 ( July 2018 ): 343 .
20
Evgeny Vinokurov , “ Eurasian Economic Union : Current state and preliminary results ,” Russian Journal of Economics , 3 , no . 1 ( March 2017 ): 54 – 70 .
21
Kovaleva et al ., “ Current Issues ,” 343 . 82