New horizons for Union integration are being discussed these days on the sidelines of the St. Petersburg Economic Forum. In addition to scientific and technical programs, industrial cooperation, meetings with the governors of Russian regions, special attention is paid to investment projects. The union state is a unique form of integration of two independent states at all levels, demonstrating particular efficiency now at a time of unprecedented pressure on the economies of the two states. Today Belarus and Russia are implementing joint investment projects worth one and a half billion dollars.