THE ECONOMIC POLICY OF BELARUS IN THE LIGHT OF CHALLENGES OF GLOBALIZATION AND EUROPEAN INTEGRATION (Khozyastvennaya politika Belarusi po othosheniyu k globalizatsii i evropeiskoi integratsii)

Mutual neighbourhood relations between Russia, Belarus and the European Union are for both sides one of the most important priorities of their foreign policies. However, there are sometimes moments of tension in international relations between the EU, Russia and Belarus, although a big crisis is unlikely as they need each other. To make their relations decidedly better, the UE should concentrate on business and not on values. Whereas Russia and Belarus should take into consideration, that the good friendly neighborhood relations in fact mean joint interests and profits.