Eurasian Economic Union
Background
The Eurasian Economic Union is a regional economic integration organization that brings together five post-Soviet states in Eurasia: Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. It was created to form an integrated single market and to promote the free movement of goods and services among its members, while also coordinating policy in areas such as macroeconomic policy, transport, industry, agriculture, energy, foreign trade and investment, customs, technical regulation, competition, and antitrust regulation. As of 2023, the union represented about 183 million people and a combined gross domestic product of more than $2.4 trillion, giving it significant weight in regional trade and economic regulation.
The union operates through both supranational and intergovernmental institutions. Its supreme body is the Supreme Eurasian Economic Council, composed of the heads of state of the member countries, while the Eurasian Intergovernmental Council brings together the heads of government. Day-to-day administrative work is carried out by the Eurasian Economic Commission, which serves as the executive body of the union, and judicial oversight is provided by the Court of the Eurasian Economic Union. These institutions give the EAEU a formal structure for adopting common rules and managing integration across the member states.
The Treaty on the Eurasian Economic Union was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan, and Russia and entered into force on 1 January 2015. Armenia and Kyrgyzstan signed accession treaties later in 2014, with Armenia’s membership taking effect on 2 January 2015 and Kyrgyzstan’s on 6 August 2015; Kyrgyzstan participated from the day of the union’s establishment as an acceding state. The treaty framework also envisions deeper integration in the future, including provisions for a single currency. In practice, the EAEU continues to shape customs and trade arrangements among its members, including Russian measures affecting goods imported from other EAEU states.
Timeline
The bill created a national system to verify the anticipated delivery of goods arriving from EAEU countries.
Bill on the Establishment of a National System for Confirming Anticipated Delivery of Goods Approved by the Government Legislative Activity Commission
Documents
Press Release: Participation of Deputy Minister of Foreign Affairs of Russia D.E. Lubinsky in the UNODC-SCO Thematic Side Event at the 69th Session of the UN Commission on Narcotic Drugs
Russia's Deputy Foreign Minister Lubinsky represented Moscow at a UNODC-SCO anti-narcotics event, highlighting the new SCO Anti-Narcotics Center in Dushanbe and Russia's commitment to international drug control.
Bill on the Establishment of a National System for Confirming Anticipated Delivery of Goods Approved by the Government Legislative Activity Commission
Russia's Government Legislative Commission approved a bill creating the SPOT national system to track and verify incoming goods from EAEU countries, targeting tax evasion and counterfeit trade.