The EAEU Free Trade Bloc includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fills the economic space between Eastern Europe and Western China. With Free Trade Agreements now in place with China, Indonesia, Iran, Mongolia, Serbia, Singapore, the UAE and Vietnam, and negotiations well underway with India and Egypt, the EAEU is developing as a vast Eurasian trade space. Leverage the EAEU single market as we discuss business regulations, customs procedures, and trade advantages for companies operating within or trading with the Eurasian Economic Union.
The share of friendly countries in Russia’s foreign trade has increased from 46% to 82% over the past three years, including more than 85% of export deliveries now going to these countries, Russian Deputy Prime Minister Alexander Novak has stated. He was speaking at a government strategic meeting, “Training personnel in foreign economic activity to […]
The Russian Foreign Minister, Sergey Lavrov, has been on an official visit to Kyrgyzstan to meet with the Kyrgyz President Sadyr Japarov and Foreign Minister Jeenbek Kulubayev. He arrived at Cholpon-Ata, a resort town on the northern shore of Lake Issyk-Kul, where bilateral meetings were held, and the Council of Foreign Ministers of the Collective […]
With the pending Eurasian Economic Union – Mongolia Free Trade Agreement shortly to come into effect, another vehicle checkpoint is being upgraded on the Russia-Mongolia border, this one being at Tashanta, on the border of the Altai Republic with Tsagaannuur in Mongolia. The border crossing is part of the AH4 international highway, and will be […]
The Eurasian Agro-Express service, which was originally designed to service the Chinese markets and Southeast Asian markets with high-speed deliveries of perishable goods from Russia and the Eurasian Economic Union, could be extended. Andrei Slepnev, the Minister for trade at the Eurasian Economic Commission (EEC), stated at the fourth Eurasian Economic Forum in Minsk on […]
The Eurasian Economic Union (EAEU) has achieved success in the main performance indicators but fallen short of about 20 crucial targets in its 2025 development strategy; over the next decade, the union should, at a minimum, double its share in the global GDP, Belarusian President Alexander Lukashenko has said. He was speaking at the 2025 […]
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Russia, Belarus, and Kazakhstan have launched two pilot projects in the railway and agricultural engineering sectors with the help of a new Eurasian Economic Union (EAEU) funding mechanism, according to Gohar Barseghyan, the Eurasian Economic Commission (EEC) Industry and Agroindustry Minister. He was speaking at the 2025 Eurasian Economic Forum in Minsk. Barseghyan said that “The EAEU […]
A new cryptocurrency token designed to allow cross-border payments to avoid western financial sanctions on Russia has moved some US$9.3billion on a dedicated crypto exchange in just four months since it was launched, according to the Financial Times. Described as the first stablecoin pegged to the Russian ruble, the A7A5 token was officially launched in […]
Russia and Cuba are working on the creation of a logistics center based at Mariel Port, according to Tatyana Mashkova, Director General of the National Committee for Economic Cooperation with Latin American Countries (NC SESLA). Mariel Port is located 45 km from Havana, the capital of Cuba, in a sheltered deep-water bay. It is located […]
Russia’s Rosatom has stated that the proposed ‘Large Nuclear Power Project’ in Uzbekistan needs to be reconfigured to attain the maximum operational benefits. This includes the construction of two VVER-1000 power units with a possible increase to four, according to the company. Rosatom and Uzbekistan agreed during the St. Petersburg International Economic Forum to look […]
Russian Deputy Prime Minister Alexander Novak has discussed Russian-Kazakh cooperation in the electricity and oil and gas sectors with Kazakh First Deputy Prime Minister Roman Sklyar, while Rosatom has signed a framework agreement for an NPP in Kazakhstan. We summarize these developments as follows: Oil & Gas Transit Novak and Skylar discussed the terms for Russian oil […]
Russian Deputy Industry and Trade Minister Roman Chekushov has said that the proposed Eurasian Economic Union free trade agreement with Indonesia has seen an initial preliminary agreement signed in St. Petersburg, with plans to sign the full agreement with the participation of all Eurasian Economic Union (EAEU) countries by the end of this year. He […]
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