Prerequisites and limitations of the formation of a common monetary policy of the Union State of Russia and Belarus

Subject. This article discusses the approaches to disclosing the essence and types of integration cooperation in the monetary sphere, positive and negative influencing factors, as well as measures taken by regulators to strengthen coordination and transition to the formation of a common monetary policy of Russia and Belarus. Objectives. The article aims to reveal the inconsistency of the assessment of the expediency of coordination and formation of a common monetary policy in integration associations, identify the degree of coordination between the EU and the EAEU countries in the monetary sphere, and reveal the problems and measures of the regulators of Belarus and Russia in the process of transition to the formation of a common monetary policy. Methods. For the study, I used the general methods of scientific cognition, comparison and generalization, analytical, statistical, and coefficient methods. Results. The article reveals the most important aspects of the discussion on the role of coordination of monetary policy and characterizes the positions of representatives of the EU and the EAEU on the expediency of forming a common monetary policy. The article reveals that there are prerequisites and conditions for the transition to the coordination and formation of a common monetary policy of the Union State. Conclusions. For a number of objective and subjective reasons, the EAEU countries have not yet been able to move even to coordination in the monetary sphere, while Belarus and Russia have real opportunities to form a common monetary policy.