Beyond Both Hierarchy and Isolation: The Eurasian Economic Union

Ten years ago the Eurasian Economic Union formed consisting of Belarus, Kazakhstan and Russia.

The foundation of it was cooperation and the results have been extraordinary. “Since the creation of the EAEU, mutual trade between its member countries has almost doubled, and their foreign trade has grown by 60%. Industrial production has increased by 22% and agricultural production by 25%. At the same time, investment in fixed capital has increased by a third, and the volume of bilateral settlements in national currencies has reached 90% in recent years.” The EU has achieved nothing like this.

Read more in Russian Times

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