The European Union began in 1951 when the European Coal and Steel Community (ECSC) were created based on the Treaty of Paris that was supposed to be valid for the next fifty years. Another evolution took place in 1957 when, pursuant to the Treaty of Rome, the European Economic Community (EEC) was created including such Member States as: Belgium, France, the Netherlands, Luxemburg, Italy and the Federal Republic of Germany. Basing on the same Treaty, the member states of EEC created the European Atomic Energy Community (Euratom) which aimed at peaceful use of nuclear energy. The European Union has become a new organizational type between states in the following areas: economy, politics, defense, etc. Generally, we may accept that the European Union has become an interstates association. The main aim of the European Union is cooperation between member states, including their inhabitants, enterprises, cultural exchange, scientific cooperation, etc. The most important objectives of the European union include: activity for democracy in the member states and their neighbors, economic and social development, ensuring safety, protection of freedom of citizens’ rights and interests. One of the European Union’s goals is also maintenance of good relationships with its neighbors within the European Neighborhood Policy. Another aim, that was partially completed, is implementation of common EURO currency into the member states’ transactions. Simultaneously, the European Union respects national identity of the member states, their origins, religion, tradition and culture. The European Union also means common interests and correlations between its member states, whose principal task is to ensure their citizens wealth, development, scientific and civilization progress. To sum up, we may claim that the European Union means an organization which ensures respect of democracy, human rights, private property and free market in economy. Nowadays, there are twenty eight Member States in the European Union.