Eurasian Economic Union’s Effect on Global Politics and the World Economic System
Journal: International Relations and Diplomacy
Year: 2015

The new Eurasian Economic Union (EEU) has now become a reality coming into effect today allowing free movement of trade, services and capital. Its treaty was signed on 29 May 2014 by the leaders of Belarus, Kazakhstan and Russia. EEU has an integrated single market of 176 million people and a gross domestic product (GDP) of over four trillion US Dollars. From the point view of Nye and Keohane's interdepence theory, this trade block formed under Moscow's leadership also begs the question, if the