Eurasian Economic Union

The Eurasian Economic Union (EAEU) is a regional economic bloc that includes countries like Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan. Established in 2015, its goal is to promote economic integration and cooperation among member states. This includes creating a customs union, allowing free movement of goods, services, capital, and labor. The EAEU aims to enhance trade relations, improve economic stability, and boost overall development within the region, while also positioning itself as a counterbalance to other economic powers like the European Union.