Eurasian Economic Union

The Eurasian Economic Union is an economic union of five post-Soviet states located in Eurasia. The EAEU has an integrated single market. As of 2023, it consists of 183 million people and a gross domestic product of over $2.4 trillion.
eurasian-economic-union

Some of the key events about Eurasian Economic Union

  • 2010
    The Customs Union between Russia, Belarus, and Kazakhstan was established, eliminating customs duties in mutual trade
  • 2012
    The Single Economic Space was launched, deepening economic integration among member states
  • 2014
    Economic sanctions against Russia by Western countries negatively impacted the newly formed Eurasian Economic Union
  • 2015
    The Eurasian Economic Union (EAEU) officially came into existence, creating a single market for goods, services, capital, and labor
  • 2015
    Armenia joined the EAEU, expanding the organization's membership
  • 2015
    Kyrgyzstan acceded to the EAEU, further enlarging the union
  • 2015
    The Russian ruble crisis led to economic instability within the Eurasian Economic Union
  • 2016
    The EAEU signed its first free trade agreement with Vietnam, expanding its international economic relations
  • 2016
    Armenia-Azerbaijan conflict strained relations within the Eurasian Economic Union
  • 2017
    Trade disputes arose between Belarus and Russia, threatening unity within the organization
  • 2018
    A temporary agreement leading to the formation of a free trade zone between the EAEU and Iran was signed
  • 2018
    U.S. sanctions on Russia created economic challenges for Eurasian Economic Union members
  • 2019
    The EAEU signed a free trade agreement with Singapore, strengthening its presence in Southeast Asia
  • 2019
    An agreement on trade and economic cooperation between the EAEU and China came into force
  • 2019
    Kyrgyzstan accused Kazakhstan of imposing trade barriers, violating Eurasian Economic Union principles
  • 2020
    COVID-19 pandemic severely disrupted trade and economic cooperation within the Eurasian Economic Union
  • 2020
    Border closures between member states during the pandemic hindered free movement within the union
  • 2021
    The EAEU approved a strategic plan for Eurasian economic integration until 2025, outlining future development goals
  • 2021
    Political unrest in Belarus strained its relations with other Eurasian Economic Union members
  • 2022
    Russia's actions in Ukraine led to increased international isolation for the Eurasian Economic Union

Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.

Eurasian Economic Union Latest news

Russian PM to Attend Eurasian Economic Forum in Armenia

Russian PM to Attend Eurasian Economic Forum in Armenia

Russian Prime Minister Mikhail Mishustin is set to participate in the Eurasian Economic Forum in Armenia. The meeting will focus on economic cooperation within the Eurasian Economic Union, a group of former Soviet states.

Economics, Politics • September 29 2024 , 09:38 PM  •  1145 views
Russian PM to Attend Eurasian Economic Forum After Iran Visit

Russian PM to Attend Eurasian Economic Forum After Iran Visit

Russian Prime Minister Mikhail Mishustin plans consecutive diplomatic engagements in Iran and Armenia. The Eurasian Economic Forum in Armenia will focus on regional cooperation and development strategies.

Economics, Politics • September 29 2024 , 09:35 PM  •  1161 views
Belarus Intensifies Crackdown on LGBTQ+ Community Amid Broader Repression

Belarus Intensifies Crackdown on LGBTQ+ Community Amid Broader Repression

At least 20 LGBTQ+ individuals in Belarus face police questioning and potential abuse. New law classifies depictions of homosexual life as pornography, reflecting broader political repression in the country.

Society, Politics • September 27 2024 , 01:44 PM  •  647 views
German Chancellor and Kazakh President Clash Over Ukraine Conflict Approach

German Chancellor and Kazakh President Clash Over Ukraine Conflict Approach

During a visit to Kazakhstan, German Chancellor Olaf Scholz and President Kassym-Jomart Tokayev disagreed on the approach to the Ukraine conflict. Tokayev urged support for China's peace plan, while Scholz reaffirmed Germany's backing of Ukraine.

Economics, Politics • September 16 2024 , 05:45 PM  •  829 views
Russia's Hidden Hand: Unraveling the 2014 Ukrainian Crisis

Russia's Hidden Hand: Unraveling the 2014 Ukrainian Crisis

Evidence suggests Moscow orchestrated Yanukovych's 2014 departure, implementing a plan to annex Crimea and destabilize eastern Ukraine. This reveals Putin's long-term goal of dismembering Ukraine, beyond merely preventing NATO expansion.

Society, Politics • August 5 2024 , 12:48 AM  •  11107 views