About Eurasian Economic Union

The Eurasian Economic Union (EAEU) is a regional economic bloc uniting Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia in a common market for goods, services, capital, and labor. Launched in 2015, it evolved from earlier integration efforts like the Russia–Belarus–Kazakhstan Customs Union (2010) and the Eurasian Economic Community, aiming to boost competitiveness, deepen economic cooperation, and raise living standards across its 180+ million population. At its core, the EAEU functions as a single market with a shared external tariff, coordinated macroeconomic policies, and harmonized technical, sanitary, and customs regulations. Its 2025 Strategy, adopted in 2020, focuses on completing the common market, improving regulatory efficiency, and digitizing trade and customs processes. A key ambition is to establish a common financial market and a supranational regulator, moving toward a more EU-style economic space while remaining primarily an intergovernmental organization. The EAEU has made tangible progress: trade among members has grown, and landmark free trade agreements (FTAs) with countries like Vietnam have significantly boosted external trade. It is now negotiating FTAs with major economies including India, Indonesia, Egypt, Thailand, and the UAE, positioning itself as a bridge between Europe and Asia, especially in the context of China’s Belt and Road Initiative. Technology and digitalization are central to the EAEU’s modernization drive. Its Digital Agenda until 2025 aims to create a common digital space, modernize infrastructure, and boost GDP by up to 1% annually through digital transformation. Priority sectors include energy, transport, petrochemicals, and digital services, with Kazakhstan and others investing heavily in infrastructure and green energy. Looking ahead, the EAEU is developing a 2030 development strategy focused on deeper integration, sustainability, and global competitiveness, with a long-term vision

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Politics

Trump's Crackdown on Russian Oil Meets Putin's India Visit: A Delicate Balancing Act

05 Dec 2025 25 views

#politics #russia #india #energy #diplomacy

Trump pushes to curb Russian oil as Putin visits India, testing India's balanced stance amid US pressure.