Eurasian Economic Union News & Analysis

Eurasian Economic Union

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.

Featured December 11, 2024

Eurasian Economic Union Reaches Agreement on Unified E-Commerce  

The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population […]

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Featured December 8, 2024

Eurasian Development Bank: The Eurasian Economic Union Had Record GDP Growth In 2024

Russia, and its neighbouring states within the Eurasian Economic Union (EAEU) have undergone an economic boom during 2024, according to a report by the Eurasian Development Bank (EDB).  The EAEU includes Russia as well as Armenia, Belarus, Kazakhstan, & Kyrgyzstan. It fills a geographic space between Eastern Europe and Western China.  Their collective GDP growth […]

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December 4, 2024

Major Russian IT Developer Opening In Indonesia

Russia’s Softline, a prominent, Moscow based, publicly traded IT developer, is opening a new office in Indonesia to promote its products and services, in addition to providing vendor solutions. It sees its expert knowledge as a good match for the development potential in Indonesia, a BRICS partner nation. Indonesia is also shortly to sign a […]

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November 29, 2024

Tunisia Considering Eurasian Economic Union Free Trade Agreement

The Eurasian Economic Commission (EEC), the regulatory authority of the Eurasian Economic Union (EAEU) and the government of Tunisia have set up a working group to explore the feasibility of concluding a free trade agreement, the EEC trade department reported following a meeting between EEC Trade Minister Andrei Slepnev and Tunisian Trade and Export Development […]

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November 27, 2024

Eurasian Economic Union – Mongolia Free Trade Agreement Expected In December

The Eurasian Economic Union (EAEU) is expected to sign an interim free trade agreement with Mongolia before the end of this year, according to Alexei Overchuk, the Russian Deputy Prime Minister. He stated yesterday (November 26) that “We’re approaching the signing of an interim free trade zone agreement with Mongolia, we’re expecting it.” Numerous infrastructure […]

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November 21, 2024

Russia’s Caspian Sea Ports and Regional Maritime Expansion: Detailed Report 

The Caspian Sea region has a complex maritime transport infrastructure, with Azerbaijan, Kazakhstan, Turkmenistan, Iran and Russian ports all involved in its development. Despite the fact that the Caspian Sea is essentially landlocked, several international transport corridors pass through it. Goods are in transit to Europe, the Caucasus, Turkiye, the Middle East, Central Asia, East […]

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November 15, 2024

New Belarus-Export-To-Asia Terminal Being Developed In Murmansk

A new Belarusian terminal in Murmansk will receive tax benefits and guaranteed rail transportation capacity, according to Andrei Chibis, the Murmansk regional governor. Belarus is a member of the Eurasian Economic Union allowing it free trade access to Russia, and has a new Free Trade Agreement with China.  Signed in August this year, this would […]

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November 11, 2024

Russia – Kazakhstan – CSTO: 2024 Security and Trade Relations – Update & Analysis

The Russian Foreign Minister, Sergey Lavrov, has been in Astana, Kazakhstan, meeting with the Kazakh President Kassym-Jomart Tokayev, and the Foreign Minister Murat Nurtleu. Following these meetings, Lavrov held a press conference during which he discussed several issues relating to a planned visit by President Putin to attend the Collective Security Treaty Organisation (CSTO), as […]

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November 2, 2024

Kazakhstan To Import 500,000 Tonnes of Bitumen From Russia

Kazakhstan plans to import 500,000 tonnes of bitumen from Russia this year and determine imports for 2025, according to the Kazakh Ministry of Energy. Bitumen is commonly used in the construction industry. The average price is about US$500 a tonne. Kazakhstan’s annual demand is about 1 million tonnes, with the country capable of producing 1.2 […]

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November 1, 2024

Russia’s Globaltrans Delists From London, Relists In Astana 

The major Russian cargo carrier Globaltrans is to leave the London Stock Exchange (LSE) on November 22, and has already relisted in Astana, Kazakhstan. The company is one of Russia’s largest rail transport groups, and is focused exclusively on the freight logistics sector in Russia and the Commonwealth of Independent States (CIS), providing services for […]

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October 24, 2024

BRICS, Russia and Iran: 2024 Developments and Implications 

Vladimir Putin has met with Masoud Pezeshkian, the President of Iran at the BRICS Summit in Kazan. This is what they had to say: Putin: “This visit to Russia is your first as President of the Islamic Republic of Iran, and this has great symbolic importance. Iran has become a full participant of BRICS, and […]

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