Eurasian Economic Union
The Eurasian Economic Union (EAEU or EEU) is an economic union of five post-Soviet states located in Eurasia. The EAEU has an integrated single market. As of 2023, it consists of 183 million people and a gross domestic product of over $2.4 trillion.
Eurasian Economic Union
| |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Coat of arms
| |||||||||||
Member states Territories occupied by Russia | |||||||||||
| Administrative centers | |||||||||||
| Largest city | Moscow 55°45′N 37°37′E | ||||||||||
| Working language | Russian | ||||||||||
| Type | Economic union | ||||||||||
| Member states | |||||||||||
| Leaders | |||||||||||
• Chairman of the Supreme Eurasian Economic Council | Sadyr Zhaparov | ||||||||||
• Chairman of the Board of the Eurasian Economic Commission | Mikhail Myasnikovich | ||||||||||
| Establishment | |||||||||||
• Original proposala | 1994 | ||||||||||
| 10 October 2000 | |||||||||||
| 1 January 2010 | |||||||||||
• Establishment agreed | 18 November 2011 | ||||||||||
| 1 January 2012 | |||||||||||
• EAEU Treaty signed | 29 May 2014 | ||||||||||
• EAEU established | 1 January 2015 | ||||||||||
| Area | |||||||||||
• Total | 20,229,248 km2 (7,810,556 sq mi) | ||||||||||
| Population | |||||||||||
• 2022 estimate | 182,131,000 | ||||||||||
• Density | 9.12/km2 (23.6/sq mi) | ||||||||||
| GDP (PPP) | 2022 estimate | ||||||||||
• Total | US$5.677 trillion | ||||||||||
• Per capita | $31,200 | ||||||||||
| GDP (nominal) | 2022 estimate | ||||||||||
• Total | US$2.573 trillion | ||||||||||
• Per capita | $14,100 | ||||||||||
| Currency | |||||||||||
| Time zone | UTC+2 to +12 | ||||||||||
| Driving side | right | ||||||||||
| Calling code | |||||||||||
| Internet TLD | |||||||||||
Website EAEUnion.org | |||||||||||
The Treaty on the Eurasian Economic Union was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan, and Russia, and came into force on 1 January 2015. Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October and 23 December 2014, respectively. Armenia's accession treaty came into force on 2 January 2015. Kyrgyzstan's accession treaty came into effect on 6 August 2015. Kyrgyzstan participated in the EAEU from the day of its establishment as an acceding state.
The EAEU encourages the free movement of goods and services, and provides for common policies in the macroeconomic sphere, transport, industry and agriculture, energy, foreign trade and investment, customs, technical regulation, competition, and antitrust regulation. Provisions for a single currency and greater integration are envisioned for the future. The union operates through supranational and intergovernmental institutions. The Supreme Eurasian Economic Council is the supreme body of the Union, consisting of the Heads of the Member States. The second level of intergovernmental institutions is represented by the Eurasian Intergovernmental Council (consisting of the Heads of the governments of member states). The day-to-day work of the EAEU is done through the Eurasian Economic Commission, the executive body of the Union. There is also a judicial body – the Court of the EAEU.