ASSESSMENTS
The Geopolitics and Evolution of the Eurasian Economic Union
May 29, 2014 | 09:14 GMT
ALEXEI NIKOLSKY/AFP/Getty Images
Summary
Russia, Belarus and Kazakhstan will sign the foundation treaty of the Eurasian Economic Union on May 29, with the bloc set to formally debut on Jan. 1, 2015. The Eurasian Economic Union is about much more than economics; it is a bloc meant to rival the European Union and the United States in its influence in Russia's near abroad. The crisis in Ukraine has aggravated long-standing tensions between Russia and the West, and the Eurasian Economic Union will serve as a primary platform for Moscow to challenge EU and U.S. influence in the former Soviet periphery in coming years.
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