The System of Legal Regulation of Energy Resources Markets in the Member States of the Eurasian Economic Union

A comparative legal analysis of the legal regulatory systems for energy resource markets in the member states of the Eurasian Economic Union has revealed general and specific trends in the development of legal regulation for relations concerning energy (energy resources) and has identified certain directions for the convergence of national legislations of the EAEU member states in the energy sector. The general trends in the development of the system of legal regulation of energy resources markets in the EAEU Member States, in particular, include: the development of competition and market relations in the energy sector; facilitation of new energy technologies; greening energy; the development of the nuclear industry; the complexity of legal regulation of relations in the energy sector. Despite the coincidence of the main directions of energy development and their corresponding legal forms and mechanisms, the state, level, and completeness of legal regulation of market relations in the energy sector in the EAEU member states vary. The legal paradigm of the energy sector of the EAEU member states is characterized by a focus on creating conditions for the development of competitive traditional and new energy sectors, and a gradual transition from predominantly public law to sustainable private law regulation of energy markets. The similarities and differences in legal approaches actualize the tasks of developing national systems of legal regulation of energy resources markets in order to preserve energy sovereignty without hindering the harmonization of energy legislation of the countries of the Eurasian Economic Union and the creation of common energy markets of the member states.

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