Financial Control: Features of Harmonization in the Eurasian Economic Union

Aim. The purpose of this article is to identify and substantiate trends and specific features of harmonizing the legal regulation of financial control from the perspective of Eurasian economic integration. The author positions the harmonization of financial control in the Eurasian Economic Union as a component of the harmonization of regulatory and supervisory activities in the unified economy, as well as Eurasian integration as a whole. Methods. The article utilizes scientific methods such as systems and comparative legal analysis, classification, and legal formalization. Results. The author analyzed the legal regulation of financial control in the Eurasian Economic Union. Based on this analysis, the following features of financial control harmonization in the context of Eurasian integration were identified: processes of retreat (return) to the national level of regulation; connection with the formation of a single financial market; the presence of internal and external financial control. Harmonization of financial control in the Eurasian Economic Union includes: harmonization of the legal regulation of financial control, a unified financial policy, processes for the formation of a single financial market, and unified law enforcement practices. Conclusions. Based on the analysis, the author identifies trends in the harmonization of financial control in the Eurasian Economic Union, including: the shift from universalization and globalization of financial mechanisms within interstate economic interaction to financial regionalization; the varying speed and degree of harmonization for various areas of financial control; and the influence of geopolitical factors. It is concluded that, in the current context, a return to national specifics in the regulation and implementation of financial control is becoming increasingly important. Such specifics can be both natural and forced. The author proposes defining the concept of a Eurasian financial system within the Eurasian Economic Union. Broadly speaking, such a system should be understood as a set of financial institutions, markets, and the connections between them, aimed at ensuring and protecting private and public financial interests within the context of integration. Harmonization of financial control in the EAEU is important both for public oversight of the economy and for ensuring security. In the current context of economic instability and international tension, the importance of the latter aspect is significantly increasing.

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