Transformation Of Central Banks Activity As A Factor In Addressing Integration Issues

The paper investigates the current activity issues of the National Bank of Ukraine, Central Bank of Russia, and European Central Bank. Under presentday conditions, central banks exert profound influence on the integration processes between states, being able either to accelerate or impede them. The introduction by the Central banks of Ukraine and the Russian Federation of the currency-board regime has proved to result in the loss of economic sovereignty by these states for the benefit of economically developed countries of the West. This slows down considerably the potential integration so long wished for by the Ukrainian and Russian peoples.