The article presents the study results of the world trade stagnation issues associated with the WTO systemic crisis. The aim of the article is to summarize the main reasons for the world trade system disintegration and to identify feasible directions for the world economic order transformation. The G20 trade-restricting measures were analyzed based on the statistical databases of the WTO and the non-governmental organization Global Trade Alert (GTA). The views of leading domestic and foreign experts on the consequences of liberalization of the world trade in goods and services were summarized. The author systematized the reasons for the world trade system disintegration, including: the US anti-globalization policy aimed at containing the PRC; counteracting unipolar globalization by the Southeast Asian nations; developed countries’ rejecting the growing participation of developing countries in redistributing global resources; inefficiency of international organizations in solving problems of global imbalances, inequality and instability of the global financial system. Structuring disintegration processes revealed its main trends: protectionism, regionalism, trans-regionalism. There were shown mechanisms to keep the US in the European Union due to companies providing professional services to European business. The author evaluated Russia and China’s competitive advantages in the production chains of the new technological structure. The areas of cooperation between Russia and the BRICS countries for realizing export potential in agriculture, aviation and nuclear industries were determined. The prospects for trade and economic relations in Eurasia are discussed in terms of changing the economic paradigm and shifting the regulation of the global economy problems to the regional level.

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Subject. Credit rating agencies continue to play an important role for financial market participants. Credit ratings are a useful tool for assessing investment risks, overcoming uncertainty, and facilitating companies’ access to credit markets. Meanwhile, national expertise is less and less in demand by the international rating industry, and therefore there is a need to integrate the national rating agencies of individual countries.Purpose. Consideration of the prospects for Russia’s participation in the creation of an international rating agency based on an analysis of current trends in the assignment of credit ratings.Methodology. The methods of dialectics, systemic and comparative analysis, as well as the historical-logical method and the method of systematization were used.Results. The state of the world market of rating services is analyzed from the point of view of the dominance of the American Big Three, including in the context of the functioning of an alternative system for evaluating securities issuers in the European Union. The features of assigning credit ratings in Russia in the conditions of the current geopolitical situation are summarized.Conclusions and prospects. The necessity of merging Russian rating agencies with agencies of other countries is substantiated in order to increase national and foreign demand for their services and increase Russia’s share in the international credit market.

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