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 Eurasian Economic Union, which includes Russia, is set to hold discussions with Tunisia over signing a negotiated Free Trade Agreement. This can be expected to replace certain Tunisia-EU trade flows as Eurasian-North African dynamics begin to align.
Russia has ratified the free trade agreement between the Eurasian Economic Union and Indonesia, paving the way for a substantial increase of the bilateral US$4.8 billion in trade but also linking fellow Muslim markets in Central Asia to Southeast Asia.
The Armenian Foreign Minister has firmly rebuffed European media claims that the country is looking to exit the Eurasian Economic Un ion and wants to join the EU. He stated that Armenia has no intention of taking such a step, that it is unconstitutional, and not on any development agenda. Armenia has no European border, while its trade with the EU is just 7.5% of its total compared to 38% with Russia.
Russia’s Nanolek is investing in a second HPV vaccine production line to satisfy markets in the Commonwealth of Independent States, Eurasian Economic Union, Central and Southeast Asia as well as Africa. The line will increase vaccine production to 6 million doses a year and should be completed by 2027.
The BRICS Foreign Ministers have been meeting in New Delhi in arguably a more important event than Trump’s visit to China. We explore how Russia and India are remapping the Global South and are creating new energy supply chains, security alliances and trade corridors in mechanisms that will reshape international trade.
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The CAREC group of Central Asian nations is to expedite their regional comprehensive and transparent regional cooperation mechanism to facilitate cross-border trade and investment. These will link with Russian and Chinese digital logistics networks to the east and west and further enhance multilateral, Eurasian trade efficiencies.
Russia’s exports of chicken eggs have been increasing, with the Mongolian consumer market reacting after their Free Trade Agreement with the EAEU kicking in. Mongolia is now Russia’s largest chicken eggs export market, followed by the United Arab Emirates, Kazakhstan, Abkhazia, and Kyrgyzstan.
The Russian Foreign Minister, Sergey Lavrov, has been visiting the President and Foreign Minister of Kazakhstan in Astana. The two countries bilateral trade dipped slightly last year, and with joint memberships in the Eurasian Economic Union, Commonwealth of Independent States and Shanghai Cooperation Organisation, plus increasing need for developing China transit, both parties signed a development agreement for 2027-2028.
Hong Kong is attracting interest from Central Asian nations as a capital raising financial centre, with Kazakhstan’s Sovereign Wealth Fund owned national railway company looking to raise money via a Hong Kong IPO this year. This marks a profound shift in Hong Kong’s traditional financial markets and signifies a new direction in bringing China Belt & Road Initiative related projects to the territory to raise finance.
Russia has agreed to sell diesel, auto and aviation fuel to Mongolia at the same domestic rates as are available in Russia. A liter of diesel in Mongolia is currently half the price in Germany.
Despite reports to the contrary, the Armenian Prime Minister Nikol Pashinyan has addressed the Armenian Parliament this week and stated that relations with Russia were at their highest-ever level. While political differences remain, the two countries are closely intertwined in trade with Russia responsible for 37% of Armenian exports.
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