(Analytical Report) The report prepared for the Civil Initiatives Committee critically analyzes the EU "Eastern Partnership" project, its negative consequences for economic cooperation and partner relations in Big Europe. The study is based on expert assessments of financial and economic consequences of the current crisis in Ukraine, estimates of probable losses of the two most active members of "Eastern Partnership" — Ukraine and Moldova. The conclusion is made that it is expedient to establish a new basis for cooperation in Europe in order to end the Ukrainian crisis and overcome the "continental divide" in the region. The optimal decision will be reaching comprehensive agreements in the triangle EU—"Eastern Partnership" countries (first of all Ukraine)—Eurasian Economic Union with the perspective of signing all-embracing integration documents with the participation of all interested parties on the space from Lisbon to Vladivostok. <p><p>JEL: F13, F15, F36, F51, F53.
