THE ROLE OF THE BALTIC-BLACK SEA UNION IN THE SYSTEM OF FOREIGN ECONOMIC SECURITY OF UKRAINE

Abstract

The article examines the essence and role of the Baltic-Black Sea Union in the system of foreign economic security. In particular, it was established that the Baltic-Black Sea Union is a potential integrative entity of Eastern European countries, the so-called idea of foreign policy integration of Estonia, Latvia, Lithuania, Poland, Belarus, Ukraine and others for the purpose of cooperation in economic, military-political, cultural and other areas. It was found that the Baltic-Black Sea Union can become an effective mechanism for Ukraine’s foreign economic security in the direction of implementing a number of urgent tasks (diversification of trade flows, reducing the level of import dependence of the economy; reducing the number of protectionist measures applied by foreign states to Ukrainian goods). The main tasks of the Baltic-Black Sea Union have been identified: deepening interstate cooperation in the Baltic-Black Sea region; promoting stability and safety in the region, development of defense cooperation; establishing the rule of law, promoting democratization, protecting fundamental rights and freedoms; economic cooperation and rapprochement with EU policies; energy security, support for infrastructure development, harmonization of energy policies according to EU standards; cooperation in the fields of culture, education and science, information society, mass media and civil society. It is noted that the Baltic and Black Sea countries cooperate economically with each other, at the same time, the creation of the Baltic-Black Sea Union will facilitate the implementation of multilateral large-scale economic projects. The article concludes that the development of the idea of creating a full-fledged integration establishment/creation at the western borders of Ukraine should have a positive effect on the positioning of our country in the world, a clear definition of its strategic interests and priorities in interaction with closest neighbors, ensuring national security and foreign economic including.