Contemporary Reshaping of Eurasian Integration: Russia's Policies and their Implication for the EU and EurAsEC

This paper covers contemporary global developments with involvement of Russia, particularly trade and economic integration, establishment of new international unions and alliances, and recent actions of Russia on the world stage and its efforts on shifting of global balance of power. The specific issues, addressed in the paper, are related to the concept of globalization in general, its idea and some theoretical and practical approaches; specific challenges of globalization for economies in transition and application of those general challenges in Russia. Particularly, the paper describes the latest Russia's actions as an initiator of geopolitical changes and discovers the major threats and opportunities for Russia and for Western countries.