The Impact of Sanctions and Economic Integration on the Trade between Eurasian Economic Union Members: The Gravity Model Test
Journal: Journal of Eurasian Economies
Year: 2022

The customs union between the three countries, which was established in 2010, turned into an economic union in 2015 and the number of members increased to five. The main purpose of economic integration is to develop trade and economic relations between countries. However, after the joining of the Crimea to Russia in March 2014, the USA and the West have adopted economic sanctions against Russia and this still continues. This also affects trade between Russia and other countries. It is said that