Financial Integration: International Experience and Perspectives of Development of the CIS

Abstract

The article considers the distinctive characteristics of the Commonwealth of Indepen-dent States as a regional economic union of states on the post-Soviet space. It emphasizes major conceptual approaches to determining strategy and basic tendencies of the CIS development, perfection of monetary mechanisms of member states interaction. The article exami­nes the prospects of the CIS transformation into an efficiently functioning economic union of states.