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.
Ulaanbaatar plans to increase the capacity of checkpoints with Russia by at least 3 times, with the Mondy automobile checkpoint at the Russian Republic of Buryatia and the border with Mongolia being modernised. The border crossing will have nine lanes instead of today’s one. The capacity will be slightly less than 600 vehicles per day. […]
The Department of Statistics of the Eurasian Economic Commission has published a monthly analytical review of the main socio-economic indicators of the Eurasian Economic Union (EAEU) for January-February 2024. During the first two months of 2024, there was an increase in industrial production of the EAEU by 3.8%, the volume of construction work performed by […]
Iran could start accepting Russian MIR debit and credit cards within the next few months, the trade attaché from Tehran’s embassy in Moscow has stated. According to Mohsen Rahimi, work on preparing the necessary technical infrastructure is already underway, although implementing the system will take time. The move comes as Russia and Iran continue to […]
Meetings took place last Friday between Alexei Tsydenov, the Governor of the Russian Republic of Buryatia, Buyaagiiin Tulga, a Mongolian Minister and the Chairman of the National Committee for the Revival of Border Points. The meetings focused on improving cross-border connectivity as Mongolia is shortly to engage in a Free Trade Agreement with the Eurasian […]
In many ways Russia and Iran find themselves in a similar geo-strategic position. Both are heavily sanctioned by the West and pursue a set of policies which aim at bolstering their respective influence on their regional, if not global stage. They also work to diminish the collective West’s ability to shape the world order and […]
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Despite Western sanctions on Russia and the threat of sanctions being levied upon several Central Asian countries, industrial production in the Eurasian Economic Union (EAEU) increased by 6.6% in January-February of this year, the press service of the Eurasian Economic Commission (EEC) reported on Tuesday. The ECC is the management board of the EAEU. Industrial […]
Russia’s Pivot to Asia have published our first annual Russia’s Pivot to Asia Guide, in Russian. It is a 300-page full colour PDF with maps and graphics that details Russia’s 2024 trade and development with 80 countries, in addition to evaluating new supply chain routes such as the INSTC and the NSR, and Russia’s developments […]
The Eurasian Economic Union (EAEU) considers broader cooperation with the Shanghai Cooperation Organization (SCO) as a crucial avenue of its activities, Eurasian Economic Commission Board Chairman Bakytzhan Sagintayev has said, speaking at a CIS international economic forum in Moscow. “Broader cooperation with the SCO is a key avenue for us. The EAEU and the SCO […]
With the European Union fully suspending the visa-facilitation agreement between the European Union and Russia as part of sanctions in 2022, and European airlines no longer providing direct flights, alternative destinations for Russian nationals replacing European destinations are now in vogue. That trend can be seen in the tourist traffic from Russia to Egypt, which […]
Bakytzhan Sagintayev, the Chairman of the Board of the Eurasian Economic Commission (EEC) and President of Russia Vladimir Putin met during negotiations on March 19 in Moscow. The EEC is the regulatory body for the Eurasian Economic Union (EAEU) which includes Russia along with Armenia, Belarus, Kazakhstan, and Kyrgyzstan. It fits the geographic space between […]
The Federal Customs Service of Russia has stated that it transferred tax and duty collected revenues to the State budget of ₽6.623 trillion (US$72.1 billion) which was 6.4% higher than in 2022. This came despite Western markets ceasing direct exports to Russia and shutting down their borders with Russia. Finance Minister Anton Siluanov said that […]
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