"Austria Connect CIS 2020" conference held on September 17 at the The most densely populated areas are the capital cities of member states and European Russia. Suspended with regard to Russia from 1 January 2016, Article 8 and 10, Treaty on the Eurasian Economic Union, Treaty on the Commonwealth of Independent States, Treaty on the Eurasian Economic Community, Member states of the Eurasian Economic Union, Enlargement of the Eurasian Economic Union, sanctions on Russia following the crisis in Ukraine, unwilling departure of the elected president, Commonwealth of Independent States Free Trade Area, "Eurasian economic integration: figures and facts", "Towards a Eurasian Economic Union: The challenge of integration and unity", "Russia's Pivot to Asia: The development of the Russian Far East", "THE EURASIAN UNION: DYNAMICS AND DIFFICULTIES OF THE POST-SOVIET INTEGRATION", "Russia's Pivot to Asia: Eurasian Russia in the twenty-first century", "Russia's Pivot to Asia: Russia turns east: Eurasian integration, regional development, and the West as East", "A Eurasian European Union? "[46] Kazakh politicians emphasized the Eurasian Economic Union was not intended to be a political bloc, but a purely economic union.

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. Even for Russia, which has recently developed a more intensive strategic relationship with China, an improvement in relations with the EU would not only better serve its interests in Central Asia, but also its broader economic interests in Europe, for which China has not offered a reasonable alternative over the past five years. Headquarters: Moscow Jan 1995 Commonwealth of Independent States Customs Union 31 May 2001 Eurasian Economic Community (Eurasec) 3 Jul 2002 Secretariat established. долларов США, импорта – на 4,8%, или на 7,2 млрд. Such a bilateralisation of EU-relations with individual EAEU member states is further enhanced by two factors: the incomplete nature of EAEU-integration and centrifugal tendencies within the EAEU, which leads member states towards hedging or balancing their relations with Russia by simultaneously developing closer relations with other outside partners, like the EU and China. trade agreements with Mongolia and Indonesia. switching to payments in national currencies within the Union. [218], 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. The two countries signed a historic US$20 billion energy deal. [journal 9], Some experts also see the union as a way to curtail the loss of Russian influence in Central Asia. [151], 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. "The incomplete character of EAEU-integration is also reinforced by diverging views among its members on the desirability of deeper integration with Russia.". It will also entail collaborative policies in many sectors, including agriculture, energy, technology and transportation. ���i]�PY Q��� 1944) Chairman of the Interstate Council 31 May 2001 - Nursultan Nazarbayev (Kazakhstan) (b. Beijing attempts to promote its initiative as a win-win for the global community, but in reality it is first and foremost based on Chinese economic (and geopolitical) interests, working with Chinese loans, Chinese workers and serving China-based value- and production- chains. (2020), Technical standardisation, China and the future international order, Brussels, March, available at: https://eu.boell.org/en/2020/03/03/technical-standardisation-china-and-future-international-order (accessed 27 April 2020), [xix] Bosschuyt, F. (2019), Connecting Eurasia: Is Cooperation between Russia, China, and the EU in Central Asia Possible? [21][22][23] The union operates through supranational and intergovernmental institutions. Analysts believe Russia backs the Eurasian Economic Union in order to limit western influence in the region. The official said: “The key goal and the key value of the Eurasian Economic Union is our common economic space, the common market. %PDF-1.4 In 2013 Russia was the 3rd most successful country in the world in attracting capital from abroad. The Customs Union of Belarus, Kazakhstan, and Russia (now the Eurasian Customs Union) came into existence on January 1, 2010.

[95] 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.