Eurasian Economic Union

Eurasian Economic Union Armenian: Եվրասիական տնտեսական միություն Belarusian: Еўразійскі эканамічны саюз Kazakh: Еуразиялық Экономикалық Одақ Kyrgyz: Евразиялык экономикалык биримдик Russian: Евразийский экономический союз
Flag Emblem
Administrative centers	Moscow, Russia (Commission) Minsk, Belarus (Court)
Largest city	Moscow 55°45′N 37°37′E / 55.750°N 37.617°E / 55.750; 37.617
Official languages	Armenian, Belarusian, Kazakh, Kyrgyz, Russian
Type	Economic union
Member states	Armenia  Belarus  Kazakhstan  Kyrgyzstan  Russia
Leaders
• Chairman of the Eurasian Commission	Tigran Sargsyan
Establishment
• Original proposala	1994
• Economic Community	10 October 2000
• Eurasian Customs Union	1 January 2010
• Establishment agreed	18 November 2011
• Eurasian Economic Space	1 January 2012
• EEU Treaty signed	29 May 2014
• EEU established	1 January 2015
Area
• Total	20,229,248 km2 (7,810,556 sq mi)
Population
• 2015 estimate	183,319,693 (including Crimea)
• Density	9.06/km2 (23.5/sq mi)
GDP (PPP)	estimate
• Total	US$4.198 trillion
GDP (nominal)	2013 estimate
• Per capita	US$13,151
Currency	Armenian dram Belarusian ruble Kazakhstani tenge Kyrgyzstani som Russian ruble
Time zone	(UTC+2 to +12)
Drives on the	right
Calling code	4 codes  +7  +374  +375  +996
Internet TLD	5 TLDs .am .by .kg .kz .ru
Website eaeunion.org
By Kazakhstani President Nursultan Nazarbayev.

The Eurasian Economic Union (EAEU) is an economic union of states located primarily in northern Eurasia. A treaty aiming for the establishment of the EAEU was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January 2015. Treaties aiming for Armenia's and Kyrgyzstan's accession to the Eurasian Economic Union were signed on 9 October and 23 December 2014, respectively. Armenia's accession treaty came into force on 2 January 2015. Kyrgyzstan's accession treaty came into effect on 6 August 2015. It participated in the EAEU from the day of its establishment as an acceding state.

In 1994, the President of Kazakhstan, Nursultan Nazarbayev, first suggested the idea of creating a "Eurasian Union" during a speech at Moscow State University. Numerous treaties were subsequently signed to establish the trading bloc gradually. Many politicians, philosophers and political scientists have since called for further integration towards a monetary, political, military and cultural union. However the member states decided to seek a purely economic union, having concerns about keeping their independence and sovereignty intact.

The Eurasian Economic Union has an integrated single market of 183 million people and a gross domestic product of over 4 trillion U.S. dollars (PPP). The EAEU introduces the free movement of goods, capital, services and people and provides for common policies in macroeconomic sphere, transport, industry and agriculture, energy, foreign trade and investment, customs, technical regulation, competition and antitrust regulation. Provisions for a single currency and greater integration are envisioned in future. The union operates through supranational and intergovernmental institutions. The Supreme Eurasian Economic Council is the "Supreme Body" of the Union, consisting of the Heads of the Member States. The second level of intergovernmental institutions is represented by the Eurasian Intergovernmental Council (consisting of the Prime Ministers of member states). The day-to-day work of the EAEU is done through the Eurasian Economic Commission (the executive body), which is a supranational body similar to European Commission. There is also a judicial body - the Court of the EAEU.