Open Access Articles- Top Results for Eurasian Economic Union

Eurasian Economic Union

Unknown extension tag "indicator"

Flag of Eurasian Economic Union Emblem of Eurasian Economic Union
Flag Emblem
Administrative centers
Official languages Armenian, Belarusian, Kazakh, Russian, (Kyrgyz)[note 1]
Demonym Eurasian
Type Economic union
Member states 23x15px Armenia
23x15px Belarus
Template:Country data Kazakhstan
23x15px Russia
Acceding state
Template:Country data Kyrgyzstan[note 1][1][2][3][4][5]
 -  Chairman of the Eurasian Commission 23x15px Viktor Khristenko
 -  Original proposala 1994 
 -  Establishment agreed 18 November 2011 
 -  Economic Community 10 October 2000 
 -  Customs Union 1 January 2010 
 -  Economic Space 1 January 2012 
 -  EEU Treaty signed 29 May 2014 
 -  EEU established 1 January 2015 
 -  Total 20,087,480[6] km2
7,746,524[6] sq mi
 -  2015 estimate 183,319,693 [7][8][9][10][11] (including Crimea and Sevastopol)
 -  Density 9.01/km2
23.3/sq mi
Currency Armenian dram
Belarusian ruble
Kazakhstani tenge
Russian ruble
(Kyrgyzstani som)[note 1]
Time zone (UTC+2 to +12)
Calling code
Internet TLD
a. By Kazakhstani President Nursultan Nazarbayev.

The Eurasian Economic Union (EAEU or EEU)[note 2] is an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015.[12] Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October 2014 and 23 December, respectively. Armenia's accession treaty came into force on 2 January 2015.[13] Kyrgyzstan's accession treaty will not come into force until it has been ratified,[14] but it participated in the EEU from the day of its establishment as an acceding state.[1][2][3][4][5]

In 1994, the President of Kazakhstan, Nursultan Nazarbayev, first suggested the idea of creating a regional trading bloc during a speech at Moscow State University. Numerous treaties were subsequently signed to establish the trading bloc gradually. Many politicians, philosophers and political scientists have since called for further integration towards a political, military and cultural union.[15][16] However, modern-day Kazakhstan has insisted the union stay purely economic as it seeks to keep its independence and sovereignty intact.[17][18][19]

The Eurasian Economic Union has an integrated single market of 176 million people and a gross domestic product of over 4 trillion U.S. dollars (PPP).[20] The EEU introduces the free movement of goods, capital, services and people and provides for common transport, agriculture and energy policies, with provisions for a single currency and greater integration in the future.[21][22][23] The union operates through supranational and intergovernmental institutions. The supranational institutions are the Eurasian Commission (the executive body), the Court of the EEU (the judicial body) and the Eurasian Development Bank. National governments are usually represented by the Eurasian Commission's Council. In addition, all member states participate in the Collective Security Treaty Organization, an intergovernmental mutual defense alliance.



After the end of the Cold War and the Dissolution of the Soviet Union, Russia and the Central Asian republics were weakened economically and faced declines in GDP growth. Post-Soviet states underwent economic reforms and privatisation.[journal 1][24] The process of Eurasian integration began immediately after the break-up of the Soviet Union to salvage economic ties with Post-Soviet states through the creation of the Commonwealth of Independent States on 8 December 1991 by the presidents of Belarus, Kazakhstan and Russia.[journal 2]

In 1994, during a speech at Moscow State University President of Kazakhstan, Nursultan Nazarbayev, suggested the idea of creating a regional trading bloc in order to connect and profit from the growing economies of Europe and East Asia.[25][26][27] The idea was quickly seen as a way to bolster trade, boost investments in the region, and serve as a counterweight to Western integration unions.[25][28]

Founding treaties (1990s)

File:CIS meeting 2008.jpg
Meeting of the leaders of the Commonwealth of Independent States (CIS) in Bishkek, 2008. The CIS initiated the lengthy process of Eurasian integration.

During the 1990s, the Eurasian integration process was slow, possibly due to the economic crisis experienced after the dissolution of the Soviet Union and the size of the countries involved (Russia, Belarus and Kazakhstan cover an area of about 20 million km²). As a result, numerous treaties have been signed by member states to establish the regional trading bloc gradually.[journal 3][journal 2]

In 1995, Belarus, Kazakhstan, Russia, and later acceding states Kyrgyzstan and Tajikistan signed the first agreements on the establishment of a Customs Union. Its purpose was to gradually lead the way toward the creation of open borders without passport controls between member states.[29]

File:Member states of the Customs Union and the Single Economic Space.png
The union's member states account for about 15% of the world's land mass, covering over 20 million square kilometers.

In 1996, Belarus, Kazakhstan, Russia and Kyrgyzstan signed the Treaty on Increased Integration in the Economic and Humanitarian Fields to begin economic integration between countries to allow for the creation of common markets for goods, services, capitals, labour, and developing single transport, energy and information systems.[journal 2][30]

In 1999, Belarus, Kazakhstan, Russia, Kyrgyzstan and Tajikistan signed the Treaty on the Customs Union and the Single Economic Space by clarifying the goals and policies the states would undertake in order to form the Eurasian Customs Union and the Single Economic Space.[31][32]

Eurasian Economic Community (2000)

To promote further economic convergence and more cooperation, in 2000 Belarus, Kazakhstan, Russia, Kyrgyzstan and Tajikistan established the Eurasian Economic Community (EurAsEC) which Uzbekistan joined in 2006. The treaty established a common market for its member states. The Eurasian Economic Community was modelled on the European Economic Community. The two had a comparable population size of 171 million and 169 million, respectively. 2003 saw the second Treaty on the Single Economic Space by Belarus, Kazakhstan, and Russia where the groundwork was laid to continue the integration process towards the creation of a broader, integrated single market. Efforts by these countries were also increased in 2006 to further the creation of the Eurasian Customs Union.[journal 2]

Customs union and single market (2010–2012)

The Customs Union of Belarus, Kazakhstan, and Russia came into existence on January 1, 2010.[33] The Customs Union's priorities were the elimination of intra-bloc tariffs, establishing a common external tariff policy and the elimination of non-tariff barriers. It was launched as a first step towards forming a broader single market inspired by the European Union, though not aiming at a political integration (thus, more similar to UNASUR, NAFTA or ASEAN), with the objective of forming an alliance between former Soviet states.[34] The member states planned to continue with economic integration and were set to remove all customs borders between each other after July 2011.

In 2011, the then-Prime Minister of Russia, Vladimir Putin, announced his support for Nursultan Nazarbayev's idea for the creation of a Eurasian Economic Union.[35][36] On 18 November 2011, the presidents of Belarus, Kazakhstan, and Russia signed an agreement setting a target of establishing the Eurasian Economic Union by 2015.[37] The member states put together a joint commission on fostering closer economic ties.[38][39]

On 1 January 2012, the three states established the Single Economic Space which ensures the effective functioning of a single market for goods, services, capital and labour, and to establish coherent industrial, transport, energy and agricultural policies.[39][40] The agreement included a roadmap for future integration and established the Eurasian Economic Commission (modelled on the European Commission).[37][41] The Eurasian Economic Commission serves as the regulatory agency for the Eurasian Customs Union, the Single Economic Space and the Eurasian Economic Union.[39]

Eurasian Economic Union

File:The signing ceremony of the Treaty on the Eurasian Economic Union.webm
The signing ceremony of the Treaty on the Eurasian Economic Union (in Astana, Kazakhstan, on 29 May 2014)

On 29 May 2014, the presidents of Kazakhstan, Belarus and Russia signed the treaty on the Eurasian Economic Union, which came into effect on 1 January 2015. The presidents of Armenia and Kyrgyzstan were also present at the signing ceremony. Russian president Vladimir Putin stated, "Today we have created a powerful, attractive centre of economic development, a big regional market that unites more than 170 million people"."[42] Kazakh politicians emphasized the Eurasian Economic Union was not intended to be a political bloc, but a purely economic union.[42] Bakytzhan Sagintayev, the first deputy prime minister of Kazakhstan and lead negotiator, said, "We are not creating a political organisation; we are forming a purely economic union." He further stated "it is a pragmatic means to get benefits. We don't meddle into what Russia is doing politically, and they cannot tell us what foreign policy to pursue."[42] By October, the treaty had received parliamentary approval from all three states.[43] On 9 October 2014, a treaty to enlarge the EEU to Armenia was signed.[44][45] Kyrgyzstan signed a treaty on 23 December 2014 which will make it a full member of the Eurasian Union on 1 May 2015, provided it has been ratified.[14][46]

Structural evolution

In force
Treaty on the Commonwealth of Independent States
Treaty on Increased Integration in the Economic and Humanitarian Fields
Treaty on the Eurasian Economic Community
Treaties on the Eurasian Customs Union
2007 & 2011
Treaties on the Eurasian Economic Space
Treaty on the Eurasian Economic Union
  Eurasian Economic Union (EEU)
Eurasian Economic Space
Eurasian Customs Union (ECU)
Eurasian Economic Community</font> (EurAsEC)
Increased Integration in the Economic and Humanitarian Fields
Commonwealth of Independent States (CIS)


Strusta Lake in the Vitebsk Province, Belarus, is the sixteenth largest lake in Belarus and the third largest among the Braslau Lakes.

The Eurasian Economic Union is located at the eastern end of Europe, bounded by the Arctic in the north, the Pacific Ocean to the east and East Asia, the Middle East and part of Central Asia to the south. It lies between latitudes 39° and 82°N and longitudes 19°E and 169°W. The union extends across much of northern Eurasia. Its member states cover an area of over 20,000,000 square kilometers, which is approximately 15% of the world's land surface.[47]

The Eastern European Plain encompasses Belarus and most of European Russia. The plain is mostly mountain-free and comprises several plateaus. Russia's northernmost regions are tundra. The Russian Tundra is located on the coastline with the Arctic and is known for its total darkness in the winter. Taiga reaches Russia's southern borders in Siberia and accounts for 60% of the country.[48] Towards the Ural Mountains and in northern Kazakhstan, the climate is mostly temperate. South-West Russia and Kazakhstan are mostly steppe. The Kazakh steppe covers one-third of Kazakhstan and is the world's largest dry steppe region.[49] Armenia is mostly mountainous and its climate is continental. The landlocked country shares no direct border with other members states. It is located in the Caucasus region in the Armenian Highlands.[50]

A large amount of lakes and rivers are found in the Eurasian Economic Union.[51] Major lakes include Ladoga and Onega, two of the largest lakes in Europe. The largest and most prominent of the union's bodies of fresh water is Lake Baikal, the world's deepest, purest, oldest and most capacious fresh water lake.[52] The Baikal lake alone contains over one-fifth of the world's fresh surface water. Russia is second only to Brazil in volume of the total renewable water resources. Of the union's numerous rivers,[53] the Volga is the most famous, not only because it is the longest in Europe, but also because of its major role in history. In Siberia the Ob, Yenisey, Lena and Amur are among the longest rivers in the world.

The Eurasian Economic Union's highest peak is the Khan Tengri in the Tian Shan mountains, Kazakhstan, 7,010 m above sea level. The lowest point in the Eurasian Economic Union is the Karagiye Depression in Kazakhstan. Kazakhstan's Caspian shore includes some of the lowest elevations on Earth. According to a 2005 estimate by the United Nations, forests cover 40% of Belarus. 11,000 lakes and many water streams are found in the country.[54] Russia is known for its extensive mineral and energy resources, the largest reserves in the world, making it the world's largest producer of oil and natural gas.[55]

According to estimates, the Eurasian Economic Union's population of 176 million people is mostly urbanized, with Russia and Belarus having over 70% of their population living in urban areas. In Armenia over 64% of the population lives in urban areas. Kazakhstan's urban population comprises 54% of the country's total population.[56]


File:Eurasian Economic Union.svg
  Member States of the Eurasian Economic Union
  Acceding Members of the Eurasian Economic Union
  Other candidate states

The treaty establishing the Eurasian Economic Union was formally signed by three states which were part of the former Soviet Union: Belarus, Kazakhstan, and Russia.[58][59] Agreements to enlarge the EEU to the other post-Soviet states of Armenia and Kyrgyzstan were signed on 9 October and 23 December 2014, respectively.[14][45][46][60][61]

Armenia announced its decision to join the Eurasian Customs Union in September 2013. President Serj Sargsyan announced the decision after talks with his Russian counterpart President Vladimir Putin in Moscow.[62] The treaty enlarging the EEU to Armenia was signed on 9 October 2014.[44] Armenia is the only country of the EEU that has no common border with the other member states of the union. Georgia guaranteed a free transit corridor for exporting its goods to the Eurasian Economic Union, Armenian deputy economy minister Emil Tarasyan said.[63]


Russian President Vladimir Putin has stated that his goal was to enlarge the Customs Union to all post-Soviet states, excluding the three Baltic EU member states.[64] According to The Guardian newspaper, Putin's plan is for the Eurasian Union to grow into a "powerful, supra-national union" of sovereign states like the European Union, uniting economies, legal systems, customs services, and military capabilities to form a bridge between Europe and Asia and rival the EU, the US, China, and India by 2015.[65]

Tajikistan was formally invited to join the union and has expressed its interest in acceding.[66][67][68][69] It is recognized as potential candidate and membership negotiations are underway.[68][69][70][71] The accession of neighbouring country, Kyrgyzstan, is currently ongoing. Russian Foreign Minister, Sergey Lavrov announced on August 11, 2014 that Russia would provide USD$500 million to speed up Kyrgyzstan's integration into the Eurasian Economic Union.[44][70][72]

It took Europe 40 years to move from the European Coal and Steel Community to the full European Union. The establishment of the Customs Union and the Common Economic Space is proceeding at a much faster pace because we could draw on the experience of the EU and other regional associations. We see their strengths and weaknesses. And this is our obvious advantage since it means we are in a position to avoid mistakes and unnecessary bureaucratic superstructures.

— Vladimir Putin, "A new integration project for Eurasia: The future in the making", Izvestia, 3 October 2011[73]

Uzbekistan remains hesitant to join the Economic Union, with Uzbek officials making opposing claims on the prospect of integration.[74][75] The country prefers not to pursue economic and political integration as of now.[76][77][78] Russian officials have stated that integration with the country would be slow and analysts state that as Russian influence and trade increases in Kyrgyzstan and Tajikistan it may persuade Uzbekistan to join in the future.[79][80][81] Uzbekistan began its integration process when Russia announced it would write off USD$865 million off debt owed by the country. Negotiations for a free trade agreement between the EEU and Uzbekistan are ongoing.[82][83]

Moldova, Ukraine and Georgia have been offered by both the European Union and the Eurasian Economic Union to join their integration unions. All three countries opted for the European Union by signing association agreements on March 21, 2014.[84] However, break-away regions of Moldova (Transnistria),[85] Ukraine (Donetsk and Lugansk)[86] and Georgia (South Ossetia and Abkhazia)[87] have expressed a desire to join the Eurasian Customs Union and integrate into the Eurasian Economic Union.

Ukraine submitted an application to participate in the Eurasian Economic Union as an observer in August 2013.[88] Viktor Yanukovych decision to abandon an association agreement with the European Union and exclusively pursue integration with the EEU was a key factor in the Euromaidan protests that ended his term as president of Ukraine and led to the Crimean Crisis. The countries membership in the EEU was seen by some analysts as the key to the success of the union as Ukraine has the second largest economy of any of the 15 former republics of the Soviet Union. With high tensions between Russia and Ukraine in the wake of the crisis, Ukraine decided to pursue integration with the EU.[89]

Turkey was extended an invitation to join the EEU by Kazakhstan's President Nursultan Nazarbayev on 6 June 2014.[90]

Georgia's Prime Minister Bidzina Ivanishvili said in September 2013 he was studying the possibility of acceding to the Union, although he later clarified that Georgia's main strategy was still to integrate into the European Union.[91][92] Russia's Prime Minister Dmitri Medvedev included Georgia as a prospective member in statements made in August 2013.[93]

Politics and governance

The Eurasian Economic Union has sought to base its model on the European Union.

Important decisions for the Eurasian Economic Union are addressed by the Supreme Eurasian Economic Council, which is composed of the Heads of State of the Member States. The Supreme Council determines the strategy, direction and prospects of integration and takes decisions aimed at achieving the goals of the union.[95][96][97][98]

The Eurasian Economic Commission carries out its work in compliance with the Treaty on the Eurasian Economic Commission (EEC) and the international agreements that provide the legal and regulatory framework of the Customs Union and the Single Economic Space.

Eurasian Economic Commission

Template:Politics of the Eurasian Union

The agreement signed by Russia's prime minister Dmitry Medvedev, Kazakhstan's president Nursultan Nazarbayev and Belarus' president Alexander Lukashenko established the Eurasian Commission, the supranational governing body of the Eurasian Economic Space, which started work on 1 January 2012.[41] The Eurasian Commission was modelled on the European Commission.[37] Its headquarters are in Moscow.[journal 2] The commission monitors subordinate branches and advisory bodies. Its departments were greatly expanded on 1 January 2015, and the number of international employees increased from 150 to 1,200.

The Eurasian Commission can take decisions on not only the customs policy of the union, but also on the macro-economy, the competition regulations, the energy policy and the fiscal policy of the Eurasian Economic Union. It has strict anti-corruption laws.[99]

The Eurasian Economic Commission consists of two bodies: the Council and the Collegium.


The council is composed of the Vice Prime Ministers of the member states. The council of the Commission oversees the integration processes in the Union, and is responsible for the overall management of the Eurasian Commission. It monitors the commission by approving the draft budget of the union, the maximum number of personnel, and the qualification requirements for the commission's employees. The council convenes once every quarter.[95][96][97][98]

It also considers issues of customs cooperation, trade and development of Eurasian integration. The council regularly holds discussions on the important aspects of the EEU and meets with business representatives of the member states.[100]


The collegium is composed of twelve commissioners, one of which is the Chairman of the board.[journal 4] Each member state provides three commissioners to the Collegium of the Eurasian Commission who carry out the operational management and oversee the everyday work of the Eurasian Commission.[37] All twelve commissioners are appointed by the Supreme Eurasian Council for a four-year renewable term. The commissioners also receive the status of federal ministers in their respective countries.[41]

The Collegium of the Commission is the executive body of the Commission. It convenes once every week at least, and is responsible for the day-to-day running of the Eurasian Economic Union. It has a wide range of activities, including monitoring the implementation of treaties, submitting annual progress reports and making recommendations. The board of the commission also assists member states in the settlement of disputes, and carries out the draft of the union's budget. Part of its activities include being the intermediary between the departments of the commission and the heads of state of the member states.[95][96][97][98]

A number of departments are headed by the commissioners. The lower rank staff is composed of 84% Russian officials, 10% Kazakhs and 6% Belarusians, proportional to the populations of the member states.[37] The departments enable the Board of the Eurasian Commission to make decisions not only with regard to customs policies, but in such areas as macroeconomics, regulation of economic competition, energy policy and financial policy. The Commission departments are also involved in government procurement and labour migration control.[41]

Eurasian Development Bank

Almaty, Kazakhstan, the city in which the headquarters of the bank are located[101]

The mission of the Eurasian Development Bank is to facilitate the development of market economies, economic growth and the expansion of trade among the member states through investments. The bank's objectives also include financing projects that support Eurasian integration.

The Bank has provided financing totaling more than US $4,5 billion to investment projects in its member states.[102]

The Chairman of the Management Board is elected for four years and may be re-elected for only one additional term of office.[103]

The Eurasian Development Bank releases numerous journals, reports and studies which include the analysis of regional economic integration, namely market integration and economic convergence. The first aspect is evaluated on the basis of six indices that measure integration in the fields of trade, labour migration, electrical power engineering, agriculture, education and investments. The second aspect is evaluated on regional integration in the fields of macroeconomics, monetary policy, fiscal policy and financial policy. It then oversees and promotes projects to deepen integration in post-Soviet states.[journal 5] The Eurasian Integration Yearbook, a yearly publication, highlights and publishes papers on a wide spectrum of key regional integration issues.[104]

Eurasian Interparliamentary Assembly

In 2012, the creation of a Eurasian parliament was under consideration.[105][106][107] However, it was considered too premature, and member states have instead considered creating an Interparliamentary Assembly for the Eurasian Economic Union[18] to succeed the Interparliamentary Assembly of the Eurasian Economic Community. Its role would be to facilitate interaction between the parliaments of the member states and work on harmonisation of national laws and legal codes of the member states.[108]

Russian president Vladimir Putin has upheld the idea of creating a parliament for the union.[109]

Court of the Eurasian Economic Union

In 2015, the Court of the Eurasian Economic Union will replace the Court of the Eurasian Economic Community (EurAsEC Court). It will be in charge of dispute resolution and the interpretation of the legal order within the Eurasian Economic Union. Its headquarters will be in Minsk.[110] According to the second annex to the treaty on the Eurasian Economic Union, the court is composed of two judges from each member state, appointed by the Supreme Eurasian Council. Their term of office is nine years.[95][96][97][98]


The approved budget of the Eurasian Economic Union for 2015 exceeds 6.6 billion Russian Rubles.[111][112][113] The budget is formed from contributions by the union's member states. In 2015, 6 billion Rubles will be allocated for the activity of the Eurasian Economic Commission, 463 million Rubles will be set aside for financing the operation and further development of the EEU integrated information system designed to promote and inform consumers of the EEU's activities, and over 290 millions Rubles will finance the activities of the Court of the EEU.[note 3][112] Extra expenses of infrastructure and accommodation of commission workers are financed by Russia.[41] In addition, Russia announced it would allocate USD$1 billion to accelerate Kyrgyzstan's entry into the union.[114][115] Another USD$ 177 million was provided by Kazakhstan.[116]

Further funds, financing and investments by the Eurasian Development Bank go towards projects that promote integration and trade in the EEU's member states (and states seeking to join).[101] In September 2014, The bank's total investments (including completed projects) amounted to USD $5.27 billion. The bank's current investments totalled US $3.63 billion. Its authorized capital was US $7 billion.[117]


Formation and overview

File:Московский международный деловой центр «Москва-Сити» 14.07.2014.jpg
The Moscow International Business Center is a commercial district in Moscow that is currently under construction. The complex includes Europe's tallest towers.

The Treaty on Increased Integration in the Economic and Humanitarian Fields signed in 1996 laid the first foundation for economic convergence. The treaty ensured the creation of a permanent executive organ to oversee integration. It served as the blueprint for the future common market for goods, services, capital and labour. The treaty provided the basic framework for the Single Economic Space, which came into existence in 2012.[journal 2][30] The Single Economic Space established a single market across the territory of Belarus, Russia and Kazakhstan. The three countries represent a market of some 171 million people and a combined GDP of around $2.3 trillion.

Russia has the 8th largest economy in the world by nominal GDP and the 6th largest by purchasing power parity. Since the turn of the century, member states have experienced economic growth with GDP averaging 6% to 8% growth between 2000 and 2007, rising again in 2010 after the Financial crisis of 2007–08. Since the establishment of the Eurasian Customs Union in 2010, trade between member states rose sharply. In 2011 mutual trade was USD 63.1 billion, 33.9% more than in 2010. In 2012, mutual trade was USD 67.9 billion and combined exports reached USD 593.7 billion, while imports were USD 340.9 billion.[journal 2] The first integration stage primarily enhanced trade among member states, bolstered economies and created a legal and institutional foundation for the member states. The second stage includes the free movements of goods, people, services and capital.

The Eurasian Economic Union is designed to reach a number of macroeconomic objectives such as reducing commodity prices by reducing the cost of transportation of raw materials, increasing return on new technologies and products due to the increased market volume, and promoting "healthy" competition in the common market. It is also designed to lower food prices, increase employment in industries and increase production capacity.

The Eurasian Union is considered as a major player in the world's energy sector, raw materials, arms industry and agricultural production. In 2013 Russia was the 3rd most successful country in the world in attracting capital from abroad.[118][119] The significant potential for developing infrastructure has led the member states and its partners to create links by constructing roads, railways, electric power grids and fibre-optic cables.

Internal market

The core objective of the Single Economic Space was the development of a single market and achieving the "four freedoms", namely the free movements of goods, capital, services and people within the single market. The four freedoms came into effect on 1 January 2015 (the day the Eurasian Economic Union was officially established). The free movement of people means that citizens can move freely among member states to live, work, study or retire.[21] Citizens of the member states of the union may travel to other member states on an internal passport. Although Russia also admits access to citizens of other CIS states without a passport, it is expected that after 2015 only citizens of the Customs Union will have this privilege.[120] Member states have a common external tariff on all goods entering the market and unified methods of valuing imported goods since the creation of the Eurasian Customs Union on January 1, 2010. Objectives include joint coordination in the area of energy, industry, agriculture and transport.

Roughly 75% of Belarusian goods are exported, about half of which go to other member states.[121] Trade within the union primarily consists of Belarusian machinery and agricultural products which are exported to Russia. Low gas prices from Russian energy producers are guaranteed to member states or countries wishing to join the union.[122][123]


The Eurasian Economic Commission operates a competition policy to ensure equal competitive conditions in the commodity markets of the Single Economic Space. It also aims at harmonisation and improvement of legislation of each of the three countries in regard to competition policy. The commission serves as the competition regulator for the single market and is also responsible for antitrust issues. Special regulations limit state intervention in the economy.[124][125]

Monetary union

The increased use of the national currencies of Russia, Belarus and Kazakhstan and the creation of a single payment system can raise about a transition to a single currency for the union.

— Rossiyskaya Gazeta, Director of Financial Policy Department of the Eurasian Economic Commission, August 3, 2014[126]

Kazakhstani President Nursultan Nazarbayev had first proposed, in 2009, the creation of a common noncash currency called "yevraz" for the Eurasian Economic Community. It would have reportedly helped insulate the countries from the global economic crisis.[127] In 2012, the idea of the new joint currency found support from Vladimir Putin and Dmitry Medvedev and by 2014 proposals were drafted in Eurasian Commission documents for the establishment of a Eurasian Central Bank and a common currency to be called the altyn which is to be introduced by 2025.[128]

File:Altyn 1711.jpg
A silver altyn minted in 1711 during the reign of Peter the Great

When discussing the Eurasian Economic Union, Vladimir Putin said the Eurasian Economic Union would include closer coordination of economic and monetary policy, including the use of a common currency in the future.[129] Although the creation of a monetary union was not envisaged in the Eurasian Economic Union Treaty, Russian Prime Minister Dmitry Medvedev called for the introduction of a common currency for the Eurasian Economic Union. Leonid Slutsky, head of the State Duma's CIS committee, backed Medvedev's proposal to start discussions on the creation of a monetary union. Slutsky said it could be introduced shortly after 2015, when the union's structure becomes clear.[130][131] Belarusian president, Alexander Lukashenko, circulated the idea of creating a "new euro" for the Eurasian economic bloc. In April 2014, discussions to introduce a single currency resumed.

Russia's First Deputy Prime Minister, Igor Shuvalov, stated on 24 July 2014 that the Eurasian Economic Union will have a common currency unit in a span of five to ten years.[23]


File:Moscow. Kaluzhskoe subway electric engine house. Pic.2.jpg
View of headquarters of Gazprom, Moscow, the world's largest extractor of gas

The Eurasian Economic Union is seen as an energy superpower, producing about 20.7% of the world's natural gas, and 14.6% of the world's oil and gas condensate in 2012, making it the world's top producer in both domains. It also produces 9% of the world's electrical energy and 5.9% of the world's coal, making it the third and fourth producer in the world, respectively. In Kazakhstan, energy is the leading economic sector. The country holds about 4 billion tons of proven recoverable oil reserves and 2,000 cubic kilometers (480 cu mi) of gas. Kazakhstan is the world's 17th largest oil exporter and the world's 23rd largest natural gas exporter.

Russia has the world's largest natural gas reserves,[132] the 8th largest oil reserves,[133] and the second largest coal reserves.[134] Russia is also the world's leading natural gas exporter[135] and the second largest natural gas producer,[136] while also the largest oil exporter and the largest oil producer.

By 2019, Russia, Kazakhstan, Belarus and Armenia intend to create a common electricity market as well as a single hydrocarbons market by 2025. "With the creation of a single hydrocarbons market, we will have a deeper coordination that will allow us to be more competitive both in terms of pricing and in terms of getting high value added products in this very interesting and important market", stated Eurasian Commissioner Daniyal Akhmetov.[137][138]


The Trans-Siberian Railway is a vital link to the Russian Far East.

The major economic centres are Moscow, Minsk and Astana. The distance between Moscow and Minsk is 717 kilometers, and the distance between Moscow and Astana is 2700 kilometers, making infrastructure a key challenge for the integration of member states. Major infrastructure projects began during the 2000s in order to modernise and connect the regional bloc to other markets, facilitating both integration and trade in the region. In 2007 Moscow announced it will invest 1 trillion USD by 2020 to modernise the country's infrastructure.[139][140]

Kazakhstan ranks favorably in terms of miles of road per inhabitant as other developed countries in the world have much less roadway per inhabitant.[141][142]

Railways have been the primary way of linking countries in the Eurasian Economic Union since the 19th century. It has always been the main way of transport in the Russian Empire and the Soviet Union up until today. The union ranks 2nd in the world in terms of railway trackage (about 7.8% of the world's share). However it is still looking to improve cross-border trade within the union.

The Eurasian Development Bank has pledged to help in the construction of facilities to produce new generation freight cars and freight containers in Tikhvin, Russia and in Osipovichi, Belarus to respond to the increasing demand for rail transport. Projects have also been launched in Kazakhstan, as the landlocked country is highly dependent on railways for trade.

The most renowned railway in the union is the Trans-Siberian Railway which links the Russian Far East to Moscow. The Southern route also travels via Kazakhstan.[143][144]

File:Turk-Sib railway.jpg
The Turkestan–Siberia Railway connects the Central Asian republics to Siberia.

The Trans-Asian Railway and the Asian Highway Network are cooperative projects among countries in Asia and Europe which have helped to improve highway and railway systems across the region. Six of the eight major Asian highways go through the Eurasian Economic Union (the AH3, AH4, AH5, AH6, AH7 and the AH8). The highways connect the EEU to many countries including Finland, Turkey, Iran, Pakistan, India, Laos, Thailand, Burma and China. AH6 goes through Russia's Trans-Siberian Highway which is over 11,000 kilometers long. The Trans-Siberian Highway is one of the longest national highways in the world along with the Trans-Canada Highway and Australia's Highway 1.

A major railway, known as the Eurasian Land Bridge allows goods to be transported from China and the EEU to Europe. An expansion of the original railway line named the New Eurasian Land Bridge provides an uninterrupted rail link between China and the EEU. Talks with China, India and Burma are ongoing to expand the railway network. In June 2014, it was announced that Russia, North Korea and South Korea would cooperate to expand the Eurasian Land Bridge to connect the peninsula. Advantages of exporting products by rail through the EEU are reduced shipping times and reduced costs. The railways also have the potential for expansion, with the future creation of high-speed railway lines being considered.[145]

Single Eurasian Sky

The Single Eurasian Sky programme, administered by the Eurasian Economic Commission, outlines the creation of a single market for air services and a single air traffic zone. The single air traffic zone would make it easier for airlines to draw up new flight paths, thereby increasing the number of flights flying through the region. Eurasian Commissioner, Daniyal Akhmetov, said that it would be created on a step-by-step basis.[146] In June 2014, Belarusian Airline Belavia stated that it was ready to move towards the development of the Single Eurasian Sky. The terms and conditions of operation in the common aviation market have not yet to been agreed on. However, the project is likely to be modelled on the European Union's Single European Sky.[147] The project will reportedly help turn the airspace of the Eurasian Union into a popular transit hub between Europe and Southeast Asia. "We should understand that currently, the aviation companies of Kazakhstan and Belarus are not able to compete with Russia's aviation companies. Therefore, the programme will envisage a phasing, creating a competitive environment and so on", Eurasian Commissioner Akhmetov said.[148]


The Eurasian Economic Union is the top producer of sugar beet and sunflower, producing 18.6% of the world's sugar beet and 22.7% of the world's sunflowers in 2012, as well as a top producer of rye, barley, buckwheat, oats and sunflower seed. It is also a large producer of potatoes, wheat and grain (and grain legumes).[journal 2]

Part of the competences of the Eurasian Economic Commission are agriculture subsidies. It is responsible for the coordination of agricultural policy-making between member states and ensuring collective food security. The Eurasian Development Bank finances projects to further integration and develop agriculture. It has disbursed approximately US$470 million for projects between 2008 and 2013.

Projected economic impact

Member states remain optimistic of the union and key partners in the region, namely China, Iran, Turkey remain interested in it. A common belief is that the Eurasian Economic Union has significant potential over the next two decades, with experts predicting a 25 percent growth in the member states' GDP by 2030, which equates to over US$600 billion.[149] The agreement will give member state citizens access to employment and education across the union. It will also entail collaborative policies in many sectors, including agriculture, energy, technology and transportation.[22] These collaborative policies are particularly interesting for countries in Asia seeking access to energy, trade routes in Central Asia and Siberia, and agricultural goods.

Former president Dmitry Medvedev of Russia stated that both the positive and negative experiences of the European Union will be taken into account and argued that the Eurasian Union will avoid the problems of economic gaps and disparity between countries,[99] such as those found in the eurozone, since the member countries have a comparable level of economic development, as well as common history and values.[150]

The European Union and the United States as well as other western countries remain critical of the Eurasian Economic Union, with analysts stating that without modernisation and real economic reforms, the union will have little impact.[22] The popular magazine The Economist stated that the advantages of joining the union remain unclear[89] and further remarked "The agreement was vague, with technical details left unresolved, making it a political show rather than an economic one".[151] Outlets have also stated that without Ukraine, the Eurasian Economic Union has lost a key member state necessary to the success of the union. Bloomberg's business magazine, Businessweek has affirmed that joining Putin's Eurasian Union looks like a bad deal, including for Russia. The union "won't really register on the radar of the global economy," said an analyst at the EU's Institute for Security Studies in Paris.[152]

Vladimir Putin stated in November 2011 that the Eurasian Economic Union would build upon the "best values of the Soviet Union"; however, critics have claimed that the drive towards integration aims to restore the "Soviet Empire".[153]

Free trade agreements

In force since 2011, the multilateral CIS Free Trade Zone Agreement establishes a free trade area between the Eurasian Economic Union, Ukraine, Uzbekistan and Moldova.

Russia's economic development minister stated that the Turkish economic minister, Nihat Zeybekci, put forward an initiative for closer cooperation with the Eurasian Economic Union, including the formation of a free trade zone between the union and Turkey.[154]

Vietnamese President Truong Tan Sang stated in July 2012 that Vietnam may join the Customs Union: "if there is a political will from our country's authorities, as well as Belarusian and Kazakh partners, we will soon be able to start this process".[155] The Customs Union completed a free trade agreement (FTA) feasibility study for Vietnam in November 2012[156] and Russian Prime Minister Dmitry Medvedev stated in November 2012 that negotiations over the FTA will begin in early 2013.[157] Vietnamese officials estimated in September 2012 that negotiations could take two years.[156] Trade between Vietnam and the Customs Union in 2011 was 2.24 billion USD.[158]

As announced by Russian Deputy Prime Minister Arkady Dvorkovich on 9 December 2013, Israel is considering signing a free trade agreement with the Eurasian Economic Union.[159]

Russian President Vladimir Putin stated at a July 2014 meeting of ambassadors and permanent representatives of the Russian Federation that he was ready to discuss a free trade area between the European Union and the Eurasian Economic Union.[160]

In February 2015, Egyptian president Abdel Fattah al-Sisi announced his country to sign a free-trade agreement with the Eurasian union.[161]

In May 2015, the Union gave the initial go-ahead to signing a free trade agreement with Iran. Described as the EEU's "key partner in the Middle East” by Andrey Slepnev, the Russian representative on the Eurasian Economic Commission board in an expert-level EEU meeting in Yerevan,[162] Viktor Khristenko furthermore noted that Iran is an important partner for all the EEU member states. He stated that “Cooperation between the EEU and Iran is an important area of our work in strengthening the economic stability of the region”.[163]

Pivot to Asia

The union is actively seeking to increase trade with East Asia. It commenced talks for official trade cooperation with ASEAN. Officials of both unions discussed opportunities for developing cooperation between them.[164] The South Korean president launched a "Eurasian Initiative", which seeks to connect transportation, electrical, gas and oil links from Western Europe to East Asia.[165][166] The initiative echoes China's long-standing "New Silk Road" project.[167] The members of the union agreed to step up talks with Vietnam on creating a free trade zone, to strengthen cooperation with China, including in information exchange on goods and services, and to set up expert groups to develop preferential trade regimes with Israel and India.[168]


File:Russia and China sign major gas deal.jpeg
On 21 May 2014, Russia and China signed a $400 billion gas deal. Starting 2019, Russia plans to provide natural gas to China for the next 30 years.

The European Council on Foreign Relations and analysts suggest the Eurasian Union includes strategic interests as well as economic interests for its member states, especially Russia. In order to link both Europe and East Asia, Russia seeks to develop its eastern regions to increase its access to Asian markets. Russia’s Far East has gained even more importance due to its proximity to alternative markets since the European Union and United States imposed sanctions on Russia following the crisis in Ukraine.[journal 6]

China’s rise as a major trading partner has been cited as a potential reason for Russia’s loss of control over Central Asian economies. The union is seen as a way to counterbalance China’s growing trade in Central Asia and the European Union’s Eastern Partnership.[journal 7]

As the trading bloc seeks to profit from the growing economies of East Asia, Russia has made steps to develop its eastern territories, Siberia and the Russian Far East.[journal 6] However, the development of the Russian Far East may face difficulties due to Russia's traditional orientation towards Europe and the region's backward infrastructure and underdeveloped economy.[journal 8] In 2012 Russian President Vladimir Putin called for Russia to "catch the Chinese wind in the sails of the Russian economy".[169] During the same year, a Ministry for the Development of the Russian Far East was established and the country hosted a summit of the Asia-Pacific Economic Cooperation forum (APEC) in its eastern city of Vladivostok. The country also began striking deals and undertook massive efforts to improve infrastructure in its eastern territories.[journal 8] Russia’s pivot to Asia included the important task of creating a Eurasian trading bloc. The countries seek to increase their competitiveness by sustaining domestic development and defending their interests in the region.[journal 9] An estimated 76% of Russia’s exports depend on resources extracted (or manufactured) in Siberia. In order to transport goods from East Asia to Europe, they must be transported through Siberia by rail. Hence, the region plays an important role in trade. However, it remains less developed than Russia’s western regions and modernisation plans are ongoing.

In 2013 the Russian government announced it would spend 450 billion Rubles (USD$14 billion) for the modernisation of the Trans-Siberian and Baikal-Amur railways. Russian President Vladimir Putin called the Trans-Siberian railway the country’s "strategically vital transport artery". In July 2013 he stated "Rail freight traffic to our Far East ports has increased by 55 percent over the last 5 years and now comes to around 110 million tons a year". Projects to upgrade stations at the border with Mongolia, China and North Korea were also undertaken the same year.[journal 10]

File:Meeting Nazarbayev Xi Jinping 2013.JPG
In 2013, Kazakhstan and China signed 22 deals worth $30 billion, including several deals enhancing the countries' cooperation in the oil and gas sector.

Some experts also see the union as a way to curtail the loss of Russian influence in Central Asia.[journal 7] Russian politicians have voiced their concerns over Russia’s long southern borders and the challenges it may pose. By creating a regional trading bloc to keep its neighbours in Central Asia stable, Russia hopes to find securing its own borders easier.[170]


File:Nazarbayev Xi Jinping 2013.jpg
Kazakh President Nursultan Nazarbayev meets Xi Jinping, the Chairman of the People’s Republic of China on 6 April 2013.

Neighbouring Kazakhstan has replicated Russia’s attempt to access East Asian markets. In September 2013, the presidents of China and Kazakhstan signed commercial deals and launched China’s "New Silk Road". On 20 May 2014, both presidents announced they would link Kazakhstan’s railways to the Pacific Ocean by opening a new terminal in the Chinese port city of Lianyungang. China also signed agreements to make further investments in Kazakhstan’s energy sector. Both countries announced they would put aside US$1 billion to modernise an oil refinery in Shymkent and a further USD$150 million to open a new oil and gas plant near Almaty. The president of Kazakhstan also held talks with the heads of Chinese corporations and agreed to cooperate in the areas of aircraft production, telecommunication and mining.[journal 11]


The combined population of all member states was forecast to be 176,742,770 in 2014.

#REDIRECTmw:Help:Magic words#Other
This page is a soft redirect. rowspan=11 style="text-align: center" #REDIRECTmw:Help:Magic words#Other
This page is a soft redirect.Moscow
Saint Petersburg
Saint Petersburg

The Eurasian Economic Union has 17 cities with more than 1 million inhabitants, the largest being Moscow. The most densely populated areas are the capital cities of member states and European Russia. Siberia is the region with the least inhabitants. In Russia about 160 different ethnic groups and indigenous peoples live within the country's borders.[175] Kazakhstan and Belarus are home to sizable ethnic Russian minorities. Though the member states of the Eurasian Economic Union's populations are comparatively large, its density is low because of the enormous size of Russia and Kazakhstan. The Eurasian Economic Union's average birth rate in 2010 was roughly 12.5 births per 1000 people, higher than the European Union, which has an average of 9.90 births per 1000 people.


Countries and regions where the Russian language is an official language or widely spoken.

Numerous minority languages are spoken widely across the union. However, official languages spoken are Armenian, Belarusian, Kazakh and Russian. Russian is widely spoken in all member states, with the majority of them being bilingual in their native language as well as in Russian, as the Russian language is still taught in most public schools of the union's member states.[176] In Belarus, Russian is the main language used by 70% of the population, while Belarusian is used by 12% of the population.[177]

Foreign affairs

The Eurasian Economic Union mainly uses its arms Industry,[178] raw materials,[179][180] gas and oil reserves,[181] and railways[182][183] as its key assets for trade with foreign countries.

Economic partners

The Eurasian Economic Union must negotiate as a whole to sign free trade agreements with other countries. Key players for the Eurasian Economic Union are the European Union, Turkey, Iran, China and the Korean peninsula. The EEU has sought to increase its trade with partners in the Middle East and East Asia in order to profit from the growing trade between Europe and Asia.

Tensions with the European Union in 2014 have increased both unions to pressure post-Soviet states to join their integration unions. Both sides have accused each other of carving spheres of influence.[184][185] Members of the union, especially Russia have tried to diversify their trade by signing economic agreements with China,[186] Iran[187] and Turkey.[188] Trade with North and South Korea has also risen.[189][190][191][192]

A rising China has been increasingly interested in Central Asia and the Eurasian Economic Union.[193] Analysts see the union as a potential way China could facilitate its investments in the region.[194] Historically, China held close economic ties with many countries throughout Eurasia. Under the Han Dynasty, its trade routes extended to the Roman Empire. The Economy of the Han Dynasty and other subsequent dynasties exchanged numerous goods with countries throughout Europe and Asia. Both China and the union have stated they would benefit from recreating trade routes modelled on the historic Silk Road.[195]

Railways transport goods from China to the European Union through Kazakhstan and Russia. The country has pushed for the construction of more railway lines to connect Berlin to east China to reduce shipping time. It proposed major high-speed railway lines going towards Europe via Russia and Kazakhstan and another through the Middle East via Tajikistan, a potential future member for the union.[196][197] China has signed numerous energy deals with Russia and Kazakhstan, as it tries to move from coal to less pollutant alternatives.[198][199]

Iran has sought to diversify its economy as well, seeing the EEU and China as key economic partners. Relations between Russia and Iran have increased as both countries are under U.S. sanctions and are seeking new trade partners. The two countries signed a historic US$20 billion energy deal.[200][201]

Kazakhstan seeks to enhance its ties with Turkey, a key player in the region. In July 2014, Turkey announced closer economic ties with the EEU, including a possible free trade agreement in the near future.[202]

Armenia and Nagorno-Karabakh

In September 2013 Armenia announced its intentions of joining the Customs Union of Belarus, Kazakhstan and Russia.[203] The region of Nagorno-Karabakh, however, is disputed between Armenia and Azerbaijan. Tensions rose further in the Caucasus region on 30 July 2014 due to clashes between Armenian and Azerbaijani soldiers.[204]

Experts estimate that with the accession of Armenia, the internationally unrecognised Nagorno-Karabakh Republic would not be integrated into the Eurasian Union.[203] Armenia is a permanent political, military and economic ally of Russia, whereas Azerbaijan holds close ties with the west. The Kazakh President Nursultan Nazarbayev expressed concern in 2013 that no reliable customs border between Armenia and Nagorno-Karabakh could be drawn. However, Nazarbayev expressed that he holds all the existing disagreements preventing Armenia's integration into Eurasian Economic Union are surmountable.[205] The Chairman of the Foreign Policy Committee in the Armenian Parliament, Artak Zakarian, announced on 14 May 2014 that Armenia will build no customs border including the region of Nagorno-Karabakh.[206]

Uzbekistan, Tajikistan and Kyrgyzstan

When Russia's Gazprom bought the gas network of Kyrgyzstan in April 2014 pledging "a stable gas supply", Uzbekistan subsequently cut off its gas exports to Kyrgyzstan's south stating that it had no contracts to sell gas to Gazprom. The cut off happened as Uzbek president, Islam Karimov protested Russia's growing presence in the region.[207] The shut-off left hundreds of thousands in south Kyrgyzstan without gas. The president of Kyrgyzstan has since promised to build a new gas pipeline to the country's south, bypassing Uzbekistan. He also announced the country would pursue integration and continue on its path to join the Eurasian Economic Union.[208] Gazprom later announced it had struck a deal to restore gas supplies to southern Kyrgyzstan.[209]

Previously, Tajikistan was on track to become a potential member of the union, having signed the treaty on the Eurasian Customs Union and the Single Economic Space. However, due to border disputes between Kyrgyzstan and Tajikistan, the integration process in Tajikistan has stalled.[68][69][210] Both countries exchanged fire in December 2013 and August 2014, which resulted in casualties.[210][211][212] Both countries have since announced they would resolve conflicts and improve border cooperation. Officials hope to make significant progress by the end of 2015.[213][214]

International response

The emphasis of the Eurasian Union is on economic integration, but this extends into the political and even security realms. For instance, the use of a single currency and a bureaucracy to manage the economic space would by design translate into Russian domination.

Stratfor, published by Wikileaks, Eurasian Union Proposal Key Aspect of Putin's Expected Presidency, 19 March 2013[215]

Former European commissioner, José Manuel Barroso stated at the World Economic Forum that the EU supports the regional integration, including the Eurasian Union. He also praised Kazakhstan for joining the bloc. He criticized the post-Soviet space, saying "the integration in the region is not sufficient". However, he warned that the Ukrainian crisis is a major obstacle to good cooperation between the EU and the Eurasian union.[216][217]

Tensions between the EEU and the European Union (EU) occurred as both have sought to deepen their ties with several former Soviet republics. The EU has signed free trade agreements with Ukraine, Moldova and Georgia. However, separatists in all three countries back closer ties with Russia. Russia and the EU both pressured Ukraine to join their respective economic blocs to the exclusion of the other, which ultimately led to Ukraine being torn in two,[218] with the EU supporting the unwilling departure of the elected president,[219] and Russia then annexing the Crimean peninsula (following a referendum) and supporting separatists in Eastern Ukraine.[220][221] In response, some member states of the European Union have sought to find alternatives to Russian gas, while others have voiced their support for the construction of the South Stream pipeline which circumvents Ukraine. Analysts believe Russia backs the Eurasian Economic Union in order to limit western influence in the region.[207]

Western analysts generally see the Eurasian Economic Union as a way to reunite many of the former Soviet republics. For example, Washington Post author Abigail Hauslohner wrote the treaty was intended "to further bolster [Russia]'s ties to former Soviet republics."[22] The United States expressed its opposition to the Eurasian Union, claiming it is "an attempt" to re-establish a USSR-type union among the former Soviet republics.[222] In December 2012, former Secretary of State Hillary Clinton claimed "It's not going to be called that [Soviet Union]. It's going to be called customs union, it will be called the Eurasian Union and all of that, but let's make no mistake about it. We know what the goal is and we are trying to figure out effective ways to slow down or prevent it".[222]

Kazakhstan's president Nursultan Nazarbayev called it "a hard-won achievement" and "a blessing for our people."[22] Public support in Kazakhstan for the country's accession to the EEU stood at 68% in June 2014, with 5.5% opposed.[223]

India, Israel, New Zealand, Tunisia,[224] Turkey, and Vietnam were among the countries that expressed a desire to form trade agreements with the new Eurasian Economic Union after the treaty was signed.[225]

Existing integration projects

Error: Must specify an image in the first line.

The Eurasian Customs Union has already brought partial economic integration between the three states, and the Eurasian Economic Union is said to be a continuation of this customs union. However, the impact of that agreement is unclear – trade between the three states actually fell 13% during the agreement's first year.[89]

A number of other regional organisations also provide the basis for further integration: the Union State of Russia and Belarus; the Eurasian Economic Community of Russia, Belarus, and Kazakhstan; the Collective Security Treaty Organisation, consisting of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan; and the Commonwealth of Independent States comprising most of the post-Soviet countries.[journal 12][226][227]

See also

Notes and references


  1. 1.0 1.1 1.2 Kyrgyzstan has signed a treaty of accession. It has obtained the status of 'acceding country' and is expected to become a full member state. During the interim period, acceding countries benefit from special arrangements: they participate in all important summits and discussions, are kept informed of legislation via a consultation procedure, and are given the opportunity to comment on proposals. They also hold an active observer status in all the union's bodies.
  2. Both acronyms are used as per the organisation’s website. However, many media outlets use the acronym EEU. Sometimes it is even referred as the EAU (the Eurasian Union) for simplification purposes.
  3. These numbers only reflect the official budget (direct money) allocated for the functioning of the union. Vast amounts of additional funds come from national governments and other institutions to ease, promote or facilitate Eurasian integration.

Journal articles and studies

  1. "Russian Federation" (PDF). Organisation for Economic Co-operation and Development (OECD). Retrieved 7 July 2014. 
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2.7 "Eurasian economic integration: figures and facts" (PDF). Retrieved 7 July 2014. 
  3. Steven Blockmans; Hrant Kostanyan; Ievgen Vorobiov (December 2012). "Towards a Eurasian Economic Union: The challenge of integration and unity" (PDF) 75 (CEPS Special Report). CEPS. pp. 4–5. Given the distances between major economic centres, the transportation costs appear to be much higher in the case of trade within the CU than within the EEC. Besides, there is significant asymmetry in the distance between Russia’s and Belarus’ economic centres and those of Russia and Kazakhstan, which affects intra-bloc trade flows. This factor might significantly impede the envisaged positive effects of removing tariff barriers to trade and increasing labour mobility, and will therefore require greater efforts to ease cross-border trade, such as improving transport infrastructure. 
  4. Eurasian Union Brochure 2014 - English (PDF). pp. 26–27. Retrieved 8 July 2014. 
  5. Vinokurov, Evgeny, ed. (2014). "System of indicators of Eurasian Integration II" (PDF). 7 Paradnaya street, St. Petersburg, 191014, Russia: Eurasian Development Bank Centre for Integration Studies. Retrieved 26 November 2014. 
  6. 6.0 6.1 Alexander Gabuev (May 2014). Liik, Kadri, ed. "Russia's Pivot to Asia: The development of the Russian Far East" (PDF). 35 Old Queen Street, London, SW1H 9JA, United Kingdom: European Council on Foreign Relations. p. 84. ISBN 978-1-910118-03-0. Retrieved 4 September 2014. This Asian vector of Russian domestic and foreign policy is now becoming even more important as the European Union and the United States impose sanctions on Russia. The Russian Far East, with its proximity to Asia, could become the new backbone of the Russian economy 
  7. 7.0 7.1 Yesdauletova, Ardak; Yesdauletov, Aitmukhanbet (1 March 2014). "THE EURASIAN UNION: DYNAMICS AND DIFFICULTIES OF THE POST-SOVIET INTEGRATION" (PDF). TRAMES (Estonian Academy Publishers) (1): 12–13. Retrieved 4 September 2014. The Single Economic Space, which in the near future will be transformed into the Eurasian Union, has strategic aims as well as economic ones. Marlene Laruelle and Sebastien Peyrouse, both share this opinion about the diminution of Russia’s influence on Central Asian countries. However, the Kremlin continues to conduct an active policy aimed at maintaining effective tools to influence the Central Asia region. 
  8. 8.0 8.1 Timofei Bordachev (May 2014). Liik, Kadri, ed. "Russia's Pivot to Asia: Eurasian Russia in the twenty-first century" (PDF). 35 Old Queen Street, London, SW1H 9JA, United Kingdom: European Council on Foreign Relations. p. 27. ISBN 978-1-910118-03-0. Retrieved 4 September 2014. In the first months of 2014 the work of the recently created Ministry for the Development of the Far East was significantly reinvigorated. Some governmental agencies were relocated from Moscow to Vladivostok and some major companies have been advised to follow with their main offices. But Russia’s "pivot" is still held back by its backward infrastructure, its corruption, its underdeveloped economy, its demographic problems, and above all its archaic Eurocentric economic thinking. 
  9. Vladislav Inozemtsev (May 2014). Liik, Kadri, ed. "Russia's Pivot to Asia: Russia turns east: Eurasian integration, regional development, and the West as East" (PDF). 35 Old Queen Street, London, SW1H 9JA, United Kingdom: European Council on Foreign Relations. p. 62. ISBN 978-1-910118-03-0. Retrieved 4 September 2014. He said the creation by 2015 of a Eurasian Economic Union was the most important task facing Russia in its "near abroad". 
  10. Alexander Gabuev (May 2014). Liik, Kadri, ed. "Russia's Pivot to Asia: The development of the Russian Far East" (PDF). 35 Old Queen Street, London, SW1H 9JA, United Kingdom: European Council on Foreign Relations. p. 80. ISBN 978-1-910118-03-0. Retrieved 4 September 2014. The Asia-Pacific Economic Cooperation (APEC) summit held in Vladivostok in September 2012 cost the state 680 billion roubles (over $22 billion) – one-third of which came from the federal budget, with the rest put up by state companies such as Gazprom. In 2012 the Ministry for the Development of the Russian Far East was created and in 2013 long-time Putin ally Yury Trutnev was appointed to oversee the development of the region in the joint role of deputy prime minister and presidential envoy to the region. In 2013 the government also allocated 300 billion roubles ($10 billion)[...] 
  11. Ernesto, Gallo (4 June 2014). "Kazakhstan’s "Pivot to China"?" (PDF). Policy Brief (The Institute for Security and Development Policy) (154). Retrieved 4 September 2014. 
  12. Brusis, Martin. "A Eurasian European Union? Relaunching Post-Soviet Economic Integration" (PDF). pp. 8 & 13. 

Online sources

  1. 1.0 1.1 "Kyrgyzstan, Armenia officially enter Eurasian Economic Union". World Bulletin. 24 December 2014. Retrieved 26 December 2014. Signed agreement opens up new possibilities for Kyrgyzstan and Armenia, starting from 1st January 2015 
  2. 2.0 2.1 "Putin said the accession of Kyrgyzstan to the EAEC" (in Russian). Life News. 23 December 2014. Retrieved 26 December 2014. Kyrgyzstan is among the member countries of the Eurasian Economic Union (EAEC). Kyrgyzstan will participate in the governing bodies of the EAEC since the start of the Union - from 1 January 2015. 
  3. 3.0 3.1 "EAEC: stillborn union?" (in Russian). Deutsche Welle. Retrieved 26 December 2014. Eurasian Economic Union added December 23 Armenia and Kyrgyzstan. 
  4. 4.0 4.1 Farchy, Jack (23 December 2014). "Eurasian unity under strain even as bloc expands". The Financial Times. Retrieved 26 December 2014. Kyrgyzstan on Tuesday a signed a treaty to join the Eurasian Economic Union, expanding the membership of Moscow-led project to five even as its unity is strained by the market turmoil gripping Russia. 
  5. 5.0 5.1 "Eurasian Economic Union to Launch on January 1". The Trumpet. 24 December 2014. Retrieved 26 December 2014. Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan agreed to a January 1 inauguration. 
  6. 6.0 6.1 "Countries by Area". Retrieved 26 August 2014. 
  8. "The World Factbook". 
  12. [1]
  14. 14.0 14.1 14.2 Finalisation of ratification procedures on Armenia’s accession to EEU to be declared in Moscow today
  15. Putin, Vladimir (2011-10-10). "Article by Prime Minister Vladimir Putin "A new integration project for Eurasia: The future in the making"". Retrieved 13 August 2014. 
  16. Perov, Maria. Над пространством. Mesoeurasia (in Russian). Retrieved 13 August 2014. 
  17. "Nazarbayev criticized the politicisation of the Eurasian Economic Union" (in Russian). Askana TV. September 18, 2013. Retrieved 7 August 2014. 
  18. 18.0 18.1 Tashkinbayev, Renat (10 December 2013). "Kazakhstan lawmakers see no reason to create Eurasian Parliament". Tengri News. Retrieved 9 July 2014. 
  19. "Customs Union, Eurasian Union no threat to Kazakhstan's sovereignty — council". Itar Tass. 27 August 2014. Retrieved 27 August 2014. 
  20. "GDP, PPP (current international $)". 
  21. 21.0 21.1 "Belarus to benefit from Eurasian Economic Union". Retrieved 14 July 2014. 
  22. 22.0 22.1 22.2 22.3 22.4 "Russia, Kazakhstan, Belarus form Eurasian Economic Union". Washington Post. May 29, 2014. Retrieved June 1, 2014. 
  23. 23.0 23.1 "Eurasian Economic Union to have common currency in 5-10 years". Retrieved 26 July 2014. 
  24. "Russia Economic Conditions in Mid-1996". Library of Congress. Retrieved 7 July 2014. 
  25. 25.0 25.1 Vladimir, Radyuhin. "Three-nation Eurasian union set up as bridge". The Hindu. Retrieved 7 July 2014. 
  26. "Russia, Belarus, Kazakhstan sign 'epoch' Eurasian Economic Union". Russia Today. Retrieved 7 July 2014. 
  27. "Kazakhstan welcomes Putin's Eurasian Union concept". The Daily Telegraph. 6 October 2011. Retrieved 8 October 2011. 
  28. "Eurasian Economic Union to become a bridge between Europe and Pacific Rim". Vestnik Kavkaza. Retrieved 7 July 2014. 
  29. "AGREEMENT on the Customs union of 20 January 1995". Eurasian Economic Community (EurAsEC). 
  30. 30.0 30.1 "TREATY between the Russian Federation, the Republic of Belarus, the Republic of Kazakhstan and the Kyrgyz Republic on increased integration in economic and humanitarian fields of 29 March 1996". Eurasian Economic Community (EurAsEC). 
  31. "Russia, Belarus, Kazakhstan are launching common economic space Jan. 1". Retrieved 7 July 2014. 
  32. "TREATY on the Customs union and the Common economic space of 26 February 1999". Eurasian Economic Community (EurAsEC). 
  33. "Russia, Belarus and Kazakhstan Agree on Customs Union". Turkish Weekly. 5 December 2009. Retrieved 1 July 2014. 
  34. "Soviet Union to be restored in the form of new customs union". Kyiv Post. 18 December 2009. Retrieved 1 July 2014. 
  35. Bryanski, Gleb (3 October 2011). "Russia's Putin says wants to build "Eurasian Union"". Reuters. Reuters. Retrieved 4 October 2011. 
  36. "Новый интеграционный проект для Евразии – будущее, которое рождается сегодня". Izvestia (in Russian). 3 October 2011. Retrieved 4 October 2011. 
  37. 37.0 37.1 37.2 37.3 37.4 "Russia sees union with Belarus and Kazakhstan by 2015". BBC News. 18 November 2011. Retrieved 19 November 2011. 
  38. "Russia, Belarus, Kazakhstan sign pact". UPI. 19 November 2011. Retrieved 20 November 2011. 
  39. 39.0 39.1 39.2 Ukraine cannot get observer status at Eurasian Econ Union due to Association Agreement with EU, Russia, Interfax-Ukraine (14 June 2013)
  40. Barron, Lisa (1 October 2013). "Belarus eases current account deficit with Customs Union, Common Economic Space". Cistran Finance. Retrieved 25 October 2013. 
  41. 41.0 41.1 41.2 41.3 41.4 Евразийские комиссары получат статус федеральных министров. Tut.By (in Russian). 17 November 2011. Retrieved 19 November 2011. 
  42. 42.0 42.1 42.2 "Putin Signs Economic Alliance With Kazakhstan and Belarus". The New York Times. 
  43. "Belarusian President Signs Law on Eurasian Economic Union Treaty Ratification". RIA Novosti. 2014-10-09. Retrieved 2014-10-10. 
  44. 44.0 44.1 44.2 Druzhinin, Aleksei (10 October 2014). "Armenia Joins Eurasian Economic Union". (RIA Novosti). Retrieved 10 October 2014. Leaders of the Eurasian Economic Union signed an agreement on Friday on Armenia's accession to the Eurasian Economic Union Treaty. 
  45. 45.0 45.1 "Eurasian Economic Union countries and Armenia arrange to ratify accession agreement soon". 2014-10-10. Retrieved 2014-10-10. 
  46. 46.0 46.1 46.2 46.3 Eurasian Economic Union is born burdened by Russian crisis
  47. "General Information". Eurasian Economic Union. Retrieved 7 January 2015. 
  48. "Geography of Russia". Northern Virginia Community College. Retrieved 7 January 2015. 
  49. "Kazakhstan, Republic of Kazakhstan » City Info » Geography". Retrieved 7 January 2015. 
  50. "Geographic Characteristic of The Republic of Armenia" (PDF). Marzes of the Republic of Armenia in Figures, 2002–2006. National Statistical Service of the Republic of Armenia. 2007. Retrieved 2009-07-22. 
  51. "Belarus – Geography". The World Factbook. Central Intelligence Agency. 2007. Archived from the original on 14 November 2007. Retrieved 7 November 2007. 
  52. "Lake Baikal—A Touchstone for Global Change and Rift Studies". United States Geological Survey. 
  53. "Angara River". Encyclopædia Britannica. 2007. Retrieved 26 December 2007. 
  54. "Belarus". Retrieved 7 January 2015. 
  55. "BP Statistical Review of World Energy June 2014" (PDF). Retrieved 7 January 2015. 
  56. "About Belarus". United Nations. 
  57. "Атамбаев утвердил присоединение Киргизии к ЕАЭС". 2015-05-21. Retrieved 2015-05-30. 
  58. Putin's Eurasian push challenges west by Neil Buckley, Financial Times, 6 October 2011.
  59. "Moscow fleshes out 'Eurasian Union' plans". EurActiv. 17 November 2011. Retrieved 19 November 2011. 
  60. "Kyrgyz government approved the roadmap for accession to the CES". Kazakhstan Pravda. October 9, 2014. Retrieved December 7, 2014. As reported the department of information support of the government apparatus of the country, on the eve Prime Minister Joomart Otorbaev held a meeting of the government, which discussed the action plan (roadmap) for accession of Kyrgyzstan to CES of Belarus, Kazakhstan and Russia in view of the formation of the Eurasian Economic Union, informed BELTA. 
  61. "Agreement on Kyrgyzstan’s accession to Customs Union to be signed in December". (Tengri News). 11 November 2014. Retrieved December 7, 2014. The agreement on Kyrgyzstan’s accession into the Customs Union [of Russia, Kazakhstan and Belarus] is expected to be signed December 23, Russia’s RIA Novosti reports, citing Sapar Issakov, Vice Head of the Kyrgyz President’s Staff. 
  62. "EU loses Armenia to Russia’s Customs Union". EurActiv - EU News & policy debates, across languages. Retrieved 25 September 2014. 
  63. "Georgia Ready to Provide Armenia Free Route to EEU". Retrieved 7 December 2014. 
  64. "EUobserver: Armenia to join Russia trade bloc, surprises EU". Retrieved 3 November 2014. 
  65. A brief primer on Vladimir Putin's Eurasian dream, The Guardian, Jon Henley, Feb 18, 2014
  66. "Astana gears up for Eurasian Economic Union". 2014-05-23. Retrieved 2014-07-01. 
  67. "Putin Kicks Off Eurasian Union, Without Ukraine". VOA. Retrieved 25 September 2014. 
  68. 68.0 68.1 68.2 "Russian Foreign Minister, Sergei Lavrov Says Tajikistan Welcome To Join Eurasian Economic Union". (RL's Tajik Service). 30 July 2014. Retrieved 30 August 2014. 
  69. 69.0 69.1 69.2 "Tajikistan shows much interest in Customs Union, Eurasian Economic Union". (DUSHANBE: Kazinform International News Agency). 13 March 2014. Retrieved 30 August 2014. 
  70. 70.0 70.1 Xuequan, Mu (2014-08-12). "Kyrgyzstan to join Customs Union by year end". 
  71. "Armenia to become full member of EEU in January: Armenian PM". Retrieved 26 July 2014. 
  72. "Russia Vows $500 Mln for Kyrgyzstan's Integration Into Eurasian Economic Union – Lavrov". 2014-08-11. 
  73. Vladimir, Putin (2011). "Article by Prime Minister Vladimir Putin "A new integration project for Eurasia: The future in the making" ("Izvestia", 3 October 2011)". Izvestia. Retrieved 8 December 2014. 
  74. "Top Uzbek Officials Make Opposing Claims on Customs Union". (RIA NOVOSTI). 14 November 2014. Retrieved 31 August 2014. 
  75. Babushkin, Alexey (13 November 2013). "Uzbek Official Pours Cold Water on Customs Union Membership". (RIA NOVOSTI). Retrieved 31 August 2014. 
  76. Schmidt, Simon (1 July 2014). "Uzbekistan prefers regime security over economic integration". (Open Democracy). Retrieved 31 August 2014. 
  77. Torikian, Aren (21 August 2014). "Armenia and the EEU: A Social and Economic Assessment". (The Armenian Weekly). Retrieved 31 August 2014. Azerbaijan has also withdrawn any interest in the deal, as have Uzbekistan and Turkmenistan. 
  78. B. Assanbayev, Mukhit (October 2013). "Russia’s Policy of Integration in Central Asia". (The Washington Review of Turkish and Eurasian Affairs). Retrieved 31 August 2014. Since Uzbekistan has no interest in joining the integration projects with Russia, Tajikistan's participation in the Customs Union remains a question. 
  79. Dyatlenko, Pavel (6 June 2014). "Kyrgyzstan Gets Soft Terms for Customs Union Entry". (Institute for War and Peace Reporting). Retrieved 31 August 2014. 
  80. Sadykov, Murat (21 February 2014). "Uzbekistan's Car Industry Takes a Beating from Russia’s Custom Union". (EurasianNet). Retrieved 31 August 2014. 
  81. "Central Asia states press ahead with moves to join Customs Union". (Business New Europe). 13 November 2014. Retrieved 31 August 2014. Delay is likely the result of ongoing tension. Uzbekistan has for many years resisted full participation in economic and military regional alliances, in particular those dominated by Russia. It quit the Collective Security Treaty Organisation, a military grouping of post-Soviet countries, in 2012. 
  82. "Post-Soviet integration processes to benefit Moscow-Tashkent relations — Putin". Tass. 10 December 2014. Retrieved 30 December 2014. Russia will start talks with Uzbekistan on a free trade zone between the post-Soviet trade bloc and the Central Asian republic, Putin said on Wednesday. 
  83. "Russia Cozies Up to Uzbekistan With $865 Million Debt Write-Off". The Moscow Times. 10 December 2014. Retrieved 30 December 2014. 
  84. "The EU's Association Agreements with Georgia, the Republic of Moldova and Ukraine". Official website of the European Union. European Commission. 23 June 2014. Retrieved 30 August 2014. 
  85. "Russian Deputy Foreign Minister pleas for Transnistria's integration in Customs Union". Retrieved 8 July 2014. 
  86. "Donetsk People's Republic seeking Customs Union, Eurasian Economic Community membership Read more:". Retrieved 8 July 2014. 
  87. "Abkhazia's accession to Eurasian/Customs Union to be considered - interim president". Retrieved 8 July 2014. 
  88. Ukraine seeking observer status in Eurasian Economic Union - Yanukovych, Interfax-Ukraine (19 December 2013)
  89. 89.0 89.1 89.2 "Where three is a crowd". The Economist. May 30, 2014. Retrieved June 1, 2014. 
  90. "Kazakh leader: Turkey should join Eurasian union". Today's Zaman. 6 June 2014. Retrieved 1 July 2014. 
  91. "Georgian Prime Minister leaves open possibility of joining Eurasian Union". Information Telegraph Agency of Russia. 4 September 2013. 
  92. "Georgian PM commented on his statement on Eurasian Union". Trend News Agency. 6 September 2013. 
  93. "Medvedev wants Georgia to join Eurasian Union". 7 August 2013. 
  94. "Decision making process in the Eurasian Economic Commission". (in Russian). Eurasian Commission. 27 March 2014. Retrieved 27 August 2014. 
  95. 95.0 95.1 95.2 95.3 "Treaty on the Eurasian Economic Union". (Alta). 29 May 2014. Retrieved 30 August 2014. 
  96. 96.0 96.1 96.2 96.3 "Draft Treaty of the Eurasian Economic Union (May 2014)". 29 May 2014. Retrieved 30 August 2014. 
  97. 97.0 97.1 97.2 97.3 "Draft Treaty of the Eurasian Economic Union (May 2014)". (Zhambyl Humanitarian-Technical University). 29 May 2014. Retrieved 30 August 2014. 
  98. 98.0 98.1 98.2 98.3 "Draft Treaty on the Eurasian Economic Union (May 2014)". 29 May 2014. Retrieved 30 August 2014. 
  99. 99.0 99.1 Встреча президентов России, Республики Беларусь и Казахстана. (in Russian). 18 November 2011. Retrieved 19 November 2011. 
  100. "Council of the Eurasian Economic Commission". Retrieved 8 July 2014. 
  101. 101.0 101.1 "About the Bank". Eurasian Development Bank. Retrieved 27 August 2014. 
  102. "About the Eurasian Development Bank". Eurasian Development Bank. Retrieved 9 July 2014. 
  103. "The Chairman of the Management Board". Eurasian Development Bank. Retrieved 30 August 2014. 
  104. "EDB Eurasian Integration Yearbook". eabr,org. Eurasian Development Bank. Retrieved 26 November 2014. EDB Eurasian Integration Yearbook publishes papers and other materials on a wide spectrum of regional integration issues. The core of the Yearbooks consists of the English versions of papers that were published in various Bank publications throughout the year. They are complemented by a regional integration chronicle for the year. With this yearbook, we intend to make available high-quality publications in the Russian language to a global audience. 
  105. "Naryshkin Calls for Establishment of Eurasian Parliament". RIA novosti. Retrieved 9 July 2014. 
  106. "EURASIAN PARLIAMENT PLANNED". WND. Retrieved 9 July 2014. 
  107. D., Mukhtarov. "Home › Central Asia › Kazakhstan Russian, Kazakh and Belarusian MPs to discuss Eurasian Parliament creation". trend. Retrieved 9 July 2014. 
  108. Steven Blockmans; Hrant Kostanyan; Ievgen Vorobiov (December 2012). CEPS, ed. Towards a Eurasian Economic Union: The challenge of integration and unity (PDF). Special Report (75). Place du Congrès 1: Centre for European Policy Studies. p. 3. Retrieved 9 July 2014. 
  109. "Creation of Eurasian Union parliament deemed possible". Itar-Tass. Retrieved 9 July 2014. 
  110. Edward Borovikov; Igor Danilov (Apr 28, 2014). "Notes on the Future Court of the Eurasian Economic Union". Moscow Times. Retrieved 10 July 2014. 
  111. "EEU budget 2015 to exceed RUB 6.6bn". 4 December 2014. Retrieved 7 January 2015. 
  112. 112.0 112.1 "EEU budget 2015 to exceed RUB 6.6bn". Kazinform. 8 December 2014. Retrieved 7 January 2015. 
  113. "EEU budget 2015 to exceed RUB 6.6bn". Turkish Weekly. 8 December 2014. Retrieved 7 January 2015. 
  114. "Russia to allot $1.2 billion to help Kyrgyzstan in accession to Customs Union". Tass. 30 May 2014. Retrieved 7 January 2015. 
  115. "Russia To Allocate $1.2 Billion To Help Kyrgyzstan Join Customs Union". Radio Free Europe - Radio Liberty. 30 May 2014. Retrieved 7 January 2015. 
  116. "Bishkek Astana wants $ 177 million for the CU". 28 June 2014. Retrieved 7 January 2015. 
  117. "EDB IN FACTS AND FIGURES - Q3 2014" (PDF). Eurasian Development Bank. Retrieved 7 January 2015. 
  118. Guryanov, Leonid (30 January 2014). "Russia becomes third among world countries with largest amount of foreign investments". 
  119. "Russia is No. 3 in Attracting Foreign Direct Investment". Jan 29, 2014. 
  120. Invalid language code. Путин: въезд в РФ должен быть разрешен только по загранпаспортам (Putin: passports will be required for entering Russia), 12 December 2012
  121. "Trade - Belarus". EUROPEAN COMMISSION. European Commission. Retrieved 26 August 2014. 
  122. "EEU Treaty is beneficial for Belarus, Lukashenko says". (Belarusian News). 1 July 2014. Retrieved 26 August 2014. 
  123. "Eurasian Union will redirect Belarussian trade". Belarus, Minsk: Monitor Global Outlook. 13 June 2014. Retrieved 26 August 2014. 
  124. Cite error: Invalid <ref> tag; no text was provided for refs named eurasiancommission.org_9677
  125. "Competitiveness Policy". Eurasian Commission. Retrieved 14 July 2014. 
  126. "Media: Eurasian Economic Union may acquire a single currency" (in Russian). Retrieved 8 December 2014. В случае успешного расширения использования национальных валют России, Белоруссии и Казахстана, создания единой платежной системы может быть поднят вопрос о переходе к единой валюте, пишет «Российская газета». 
  127. Moscow Times: Kazakhstan Suggests a New Currency
  128. "Russia, Kazakhstan and Belarus to have new joint currency". Retrieved 8 July 2014. 
  129. "Eurasian Union Proposal Key Aspect of Putin's Expected Presidency". wikileaks. Retrieved 8 July 2014. 
  130. Irina, Filatova. "What Euro Crisis? Russia Seeks Single Currency". Moscow Times. Retrieved 8 July 2014. 
  131. "Possible currency union within Eurasian Economic Union to be considered in future Read more:". Pravda. Retrieved 8 July 2014. 
  132. Country Comparison :: Natural gas – proved reserves. CIA World Factbook. Retrieved 3 February 2014.
  133. Country Comparison :: Oil – proved reserves. CIA World Factbook. Retrieved 3 February 2014.
  134. "BP Statistical review of world energy 2014" (PDF). BP. 2014. Retrieved 7 January 2015. 
  135. Country Comparison :: Natural gas – exports. CIA World Factbook. Retrieved 3 February 2014.
  136. "Country Comparison :: Natural gas – production", CIA World Factbook. Retrieved 3 February 2014.
  137. Plaschinsky, George (6 June 2014). "Eurasian Integration: Does Lukashenka Have A Choice?". (Belarus Digest). Retrieved 4 September 2014. Integrators postponed creation of the single electrical energy market to 2019 and the single financial and oil and gas markets to 2025. 
  138. Mukhtarov, Daniyar (24 May 2014). "Single hydrocarbons market of Eurasian Economic Union to be created by 2025". TREND. Retrieved 4 September 2014. The single hydrocarbons market of the Eurasian Economic Union (EAU) will be created by 2025, Minister of Energy and Infrastructure of the Eurasian Economic Commission, Danial Akhmetov said. 
  139. "Russia to spend $1 trillion on infrastructure". Reuters UK. Retrieved 14 July 2014. 
  140. "Russia: A Snapshot" (PDF). 2013. Retrieved 14 July 2014. 
  141. "Kazakhstan - Infrastructure, power, and communications". Retrieved 6 January 2015. 
  142. "KAZAKHSTAN". Retrieved 6 January 2015. 
  143. "Investing in development and integration" (PDF). Eurasian Development Bank. Retrieved 14 July 2014. 
  144. "Kazakhstan - Infrastructure, power, and communications". Encyclopedia of the Nations. Retrieved 14 July 2014. 
  145. "Russia to extend Trans-Eurasian rail project to Korea". Retrieved 7 August 2014. 
  146. Akhmetov, Daniyal (22 May 2014). ""The CU railroad alliance to increase share of carriage from China to EU via the SES territory 10-folds," - Member of the EEC Board -Minister in charge of Energy and Infrastructure Daniyal Akhmetov". Eurasian Economic Commission. Retrieved 4 September 2014. 
  147. "Belavia: Belarus ready to move pretty fast towards single Eurasian sky". (Minsk: Belarusian News: National Source of News). 26 June 2014. Retrieved 4 September 2014. 
  148. Mukhtarov, Daniyar (22 May 2014). "Russia, Kazakhstan, Belarus developing Single Eurasian Sky programme". (TREND). Retrieved 4 September 2014. 
  149. "Leaders of Kazakhstan, Russia and Belarus to meet in Astana to sign agreement establishing EEU". Lebanese government. 
  150. Медведев: Евразийский экономический союз избежит проблем еврозоны. (in Russian). 18 November 2011. Retrieved 19 November 2011. 
  151. "Vladimir Putin's European adventures". The Economist. June 6, 2014. Retrieved June 7, 2014. 
  152. Carol, Matlack (May 29, 2014). "Putin's Eurasian Union Looks Like a Bad Deal, Even for Russia". 
  153. "Putin, Medvedev praise values of Soviet Union". Reuters. 17 November 2011. Retrieved 19 November 2011. 
  154. "Turkey May Create Free Trade Zone with Eurasian Customs Union – Development Minister". Retrieved 26 July 2014. 
  155. "Vietnam Considers Joining Customs Union". RIA Novosti. Retrieved 3 November 2014. 
  156. 156.0 156.1 "Vietnam to start FTA talks with Customs Union in 2013". Retrieved 3 November 2014. 
  157. Vietnam to set up free trade area with Customs Union countries
  158. qdnd. "Vietnam and Customs Union eye stronger trade ties". TalkVietnam. Retrieved 3 November 2014. 
  159. "Moscow eyes common free trade zone between Customs Union, Israel". Retrieved 25 September 2014. 
  160. Invalid language code. Putin spoke of a free trade area between the European Union and the Eurasian Union, Ukrayinska Pravda (1 July 2014)
  161. "Egypt to join Russia-led Eurasian free trade zone". 
  162. Eurasian Economic Union plays fee trade zone with Iran
  163. Iran, Eurasian Economic Union mull over Free Trade Zone
  164. "Customs Union could start official trade cooperation with ASEAN - EEC". Interfax. 1 September 2014. Retrieved 8 January 2015. 
  165. Asmolov, Konstantin (28 August 2014). "The Eurasian initiative by the President of South Korea". New Eastern Outlook. Retrieved 8 January 2015. 
  166. Kwon, Yong (20 August 2014). "South Korea's Eurasia Ambitions". The Diplomat. Retrieved 8 January 2015. 
  167. Iglauer, Philip (11 June 2014). "Eastern interest in Eurasian economic deal". Asian Times. Retrieved 8 January 2015. 
  168. Samofalova, Olga (2 June 2014). "Historic agreement makes Eurasian Union a reality". Russia Beyond the Headlines. Retrieved 4 September 2014. 
  169. Vladimir, Putin (27 February 2012). "Russia and the changing world". RIA Novosti. Retrieved 4 September 2014. First of all, I am convinced that China's economic growth is by no means a threat, but a challenge that carries colossal potential for business cooperation - a chance to catch the Chinese wind in the sails of our economy. We should seek to more actively form new cooperative ties, combining the technological and productive capabilities of our two countries and tapping China's potential - judiciously, of course - in order to develop the economy of Siberia and the Russian Far East. 
  170. Trenin, Dmitri V.; Malashenko, Alesksei V.; Lieven, Anatol (February 29, 2004). "4". Russia's Restless Frontier: The Chechnya Factor in Post-Soviet Russia. Carnegie Endowment for International Peace. p. 120. Retrieved 4 September 2014. 
  171. Cities with over 1 million population Rosstat
  172. Cities with population between 500,000 and 1 million Rosstat
  173. "Population census 2009". 
  174. "Largest Cities of Eurasia in the last millenium". 
  175. Ethnic groups in Russia, 2002 census, Demoscope Weekly. Retrieved 5 February 2009.
  176. "The South Caucasus Between The EU And The Eurasian Union" (PDF). Caucasus Analytical Digest #51-52. Forschungsstelle Osteuropa, Bremen and Center for Security Studies, Zürich. 17 June 2013. pp. 22–23. ISSN 1867-9323. Retrieved 3 July 2013. 
  177. "Tres de cada cuatro bielorrusos emplean en su vida cotidiana el ruso (Three of every four Belarusians use Russian in their daily lives)" (in Spanish). Retrieved 25 October 2009. According to results announced today from an investigation by The Center for Information and Analysis of the Presidency of Belarus ... [f]or 72% of the population, Russian in the primary language used in everyday life ... According to the study, only 11.9% of inhabitants primarily speaks Belarusian, while the rest uses a mix of Russian and Belarusian. 29.4% ... speaks, reads, and writes in Belorusian, while 52.5% only speaks and reads it ... [O]ne in ten does not understand Belorusian [at all]. (quote translated) 
  178. Top List TIV Tables-SIPRI. Retrieved on 2012-05-09.
  179. Richard M. Levine and Glenn J. Wallace. "The Mineral Industries of the Commonwealth of Independent States". 2005 Minerals Yearbook. U.S. Geological Survey (December 2007). This article incorporates text from this U.S. government source, which is in the public domain.
  180. "Countries and regions: Russia". European Commission. Retrieved 27 August 2014. 
  181. "Russian raw materials companies in the lead". Voice of Russia. Retrieved 27 August 2014. 
  182. "Kazakhstan plans to become a logistics hub between Asia and Europe". Railway Pro. 21 January 2014. Retrieved 27 August 2014. 
  183. "Strategy of Russian Railways". Russian Railways. Retrieved 27 August 2014. 
  184. Jeanne, Park (14 March 2014). "The European Union's Eastern Partnership". COUNCIL ON FOREIGN RELATIONS. Retrieved 19 August 2014. 
  185. Bodner, Matthew (17 February 2014). "Lavrov Has Harsh Words for EU". The Moscow Times. Retrieved 19 August 2014. 
  186. TOMLINSON, SIMON (21 May 2014). "China signs $400billion deal to prop up Russia's economy as it becomes isolated Vladimir Putin's new best friend". Retrieved 19 August 2014. 
  187. LeVine, Steve (14 January 2014). "Why Russia might be crazy enough to buy Iranian oil and undermine nuclear talks". QUARTZ. Retrieved 19 August 2014. 
  188. Kotsev, Victor (19 May 2014). "As EU Looks For Alternatives To Russian Gas, Turkey Vacillates Between East And West". International Business Times (IBTIMES). Retrieved 19 August 2014. 
  189. "President of Russian Railways attends opening of transshipment terminal in North Korean port Rajin". Retrieved 7 August 2014. 
  190. Kirk, Donald. "S. Korean Dream Line: Rail Link Via N.Korean Eco Zone To Russia". Retrieved 7 August 2014. 
  191. "Russia-Korean Visa Exemption Program to Stimulate Bilateral Trade by 40%". Retrieved 7 August 2014. 
  192. "Trans Korean Rail Back on the Agenda -- from "Pusan to Europe via Russia"". Retrieved 7 August 2014. 
  193. Casey, Michel (4 June 2014). "How Significant Is the Eurasian Economic Union?". The Diplomat. Retrieved 19 August 2014. 
  194. "Why China is unfazed by Russia's creation of a Eurasian Union". World Review. 17 July 2014. Retrieved 27 August 2014. 
  195. "China's 'New Silk Road' Vision Revealed". Retrieved 7 August 2014. 
  196. "China Establishing New Silk Roads". Retrieved 7 August 2014. 
  197. "China considers high-speed 'silk railroad' to Europe". Retrieved 7 August 2014. 
  198. Romanowski, Michał (3 July 2014). "Central Asia's Energy Rush: The region's major powers are in a tussle to control its rich energy sources". (The Diplomat). Retrieved 30 August 2014. 
  199. ZHUMATOV, SHAMIL (7 September 2013). "China, Kazakhstan to ink deals worth $30 billion on Saturday". (Astana, Kazakhstan: Reuters). Retrieved 30 August 2014. 
  200. "Vladimir Putin signs historic $20bn oil deal with Iran to bypass Western sanctions". Retrieved 7 August 2014. 
  201. "Russia and Iran strike oil agreement". Retrieved 7 August 2014. 
  202. "Turkey Proposes Free Trade Zone with Eurasian Union". Retrieved 7 August 2014. 
  203. 203.0 203.1 "Giorgi Lomsadze: Will Karabakh "Join" Russia's Customs Union?". Retrieved 10 December 2013. 
  205. "Kazakhstan views disagreements on Eurasian Economic Union as resolvable". Retrieved 29 April 2014. 
  206. "Armenia Rules Out Tariffs on Karabakh". Retrieved 14 May 2014. 
  207. 207.0 207.1 "Power failure - Not all goes smoothly for Russia in its backyard". (The Economist). 26 July 2014. Retrieved 26 August 2014. 
  208. Sergey, Guyeev (29 May 2014). "Kyrgyzstan Aims to Join Eurasian Economic Union by Year-End – President". (RIA Novosti). Retrieved 26 August 2014. 
  209. "Gazprom secures gas supplies to southern Kyrgyzstan". Gazprom. Retrieved 8 January 2015. 
  210. 210.0 210.1 "A plan to export electricity looks cursed". (The Economist). 26 July 2014. Retrieved 26 August 2014. 
  211. "Kyrgyzstan, Tajikistan border guards engage in shootout again". (Itar Tass). 26 August 2014. Retrieved 26 August 2014. 
  212. "Two killed in border skirmish between Tajikistan and Kyrgyzstan". (Reuters). Retrieved 26 August 2014. 
  213. "Kyrgyzstan and Tajikistan improve border co-operation "Central Asia Online"". Retrieved 8 January 2015. 
  214. "Kyrgyzstan, Tajikistan Turn To Soviet Archives In Border Talks". India Gazette. 7 January 2015. Retrieved 8 January 2015. 
  215. "Eurasian Union Proposal Key Aspect of Putin's Expected Presidency". Wikileaks. 6 October 2011. Retrieved 8 December 2014. 
  216. "World Economic Forum Annual Meeting 2015". World Economic Forum. 22 January 2015. Retrieved 25 January 2015. 
  217. "Davos 2015 - Regions in Transformation: Euroasia". World Economic Forum. Retrieved 25 January 2015. 
  218. Summit of Failure: How the EU Lost Russia over Ukraine. Der Spiegel. 2014-11-24.
  219. Viktor Yanukovych urges Russia to act over Ukrainian 'bandit coup'
  220. "Guide to the EU deals with Georgia, Moldova and Ukraine". Retrieved 7 August 2014. 
  221. "Lithuania ratifies Ukraine, Georgia, Moldova agreements with EU". Retrieved 7 August 2014. 
  222. 222.0 222.1 Clinton fears efforts to 're-Sovietize' in Europe - Associated Press, 6 December 2012
  223. Большинство казахстанцев поддерживают вступление Казахстана в Евразийский экономический союз, но 33% считают, что это не принесет им никакой выгоды. Demoscope. 2014-06-14.
  224. "Tunisia hopes to set up free trade zone with Customs Union, EEU". ITAR-TASS. 14 January 2015. Retrieved 14 January 2015. 
  225. Vladimir Radyuhin (May 29, 2014). "Putin's answer to EU – Eurasian Union". The Hindu. Retrieved June 1, 2014. 
  226. "Russia-Belarus Union State most advanced post-Soviet integration bloc — Lukashenko". Tass. Retrieved 6 January 2015. 
  227. "CSTO states plan to set up collective air force". Tass. Retrieved 6 January 2015. 

External links

nl:Euraziatische Unie