Polar quantum gases represent promising platforms for studying many-body physics and strongly correlated systems with possible applications e.g. in quantum simulation or quantum computation. Due to their large permanent electric dipole moment polar molecules in electric field exhibit strong long-range anisotropic dipole-dipole interactions (DDIs). The creation and trapping of ultracold dipolar diatomic molecules of various species are feasible in many experimental groups nowadays. However long time trapping is still a challenge even in the case of the so called nonreactive molecules which are supposed to be immune against inelastic collisions in their absolute ground state [1] . Various hypothesis have been invoked to explain the possible mechanisms behind the trapping loss, however the check of their pertinence is not trivial since the final products can not be easily detected [2] . To overcome the loss processes we propose the suppression of inelastic collisions between molecules using optical shielding (OS). OS relies on the modification of long-range interactions between ground-state and excited molecules by laser light. The first experimental proof of OS process was demonstrated in case of the collision between identical ultracold alkali-metal atoms [3] .
Recently it has been shown that pairs of atoms can form metastable bonds due to non-conservative forces induced by dissipation [Lemeshko\&Weimer, Nature Comm. \textbf{4}, 2230 (2013)]. Here we study the dynamics of interaction-induced coherent population trapping -- the process responsible for the formation of dissipatively bound molecules. We derive the effective dissipative potentials induced between ultracold atoms by laser light, and study the time evolution of the scattering states. We demonstrate that binding occurs on short timescales of
∼10 μs, even if the initial kinetic energy of the atoms significantly exceeds the depth of the dissipative potential. Dissipatively-bound molecules with preordained bond lengths and vibrational wavefunctions can be created and detected in current experiments with ultracold atoms.