Safeguarding Financial Security: The Role of Currency Stability in Eurasian Economic Integration and the BRI

Abstract

This paper assesses the progress and obstacles in the Eurasian Economic Union's (EAEU) integration, particularly in relation to China's Belt and Road Initiative (BRI). The joint declaration between Russia and China, now in its seventh year, has clarified the direction of cooperation between the two entities. This paper highlights the role of land-based "Belt and Road" projects in bridging these initiatives and the necessity of aligning strategies to ensure financial security and currency stability.Infrastructure development, especially transportation corridors, is a central component of further integration. Despite challenges, ongoing efforts aim to enhance cooperation, streamline customs procedures, and ease the flow of goods. The paper underscores the strategic importance of close alignment with BRI, especially amid the complexities introduced by the Ukraine crisis and sanctions, to ensure economic resilience.