Eurasian Economic Union (EAEU)

The Eurasian Economic Union (EAEU) is a political and economic alliance formed by several countries in Eurasia, mainly Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan. Its goal is to promote economic integration by creating a common market, allowing the free movement of goods, services, capital, and labor among member states. The EAEU aims to boost economic growth, improve trade, and coordinate policies across member nations, similar to other regional groups like the European Union, but with a focus on Central Asia and Eastern Europe. It fosters cooperation while respecting the sovereignty of each member country.