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What's the EEU and What Are Its Chances?

A Eurasianet partner post from <a href="http://www.rferl.org/content/russia-belarus-kazakhstan-eurasian-economi…;

Five years ago, Moscow had every reason to feel secure about its neighborhood.
 
Ally Kazakhstan was settling in as the first post-Soviet state to chair the Organization for Security and Cooperation in Europe. Belarus had acquiesced to new oil-supply terms from Russia. And all three countries had just joined forces in a new Common Economic Space, a partnership they hoped would eventually outweigh or even absorb the European Union. 
 
The common space, formally known as the Eurasian Customs Union, this week emerged from its five-year cocoon as the Eurasian Economic Union (EEU), an organization once anxiously anticipated by former U.S. Secretary of State Hillary Clinton as a move to "re-Sovietize" the former U.S.S.R.
 
But as the new union quietly steps into existence, any threat of a reemerging Soviet empire seem wildly off the mark.
 
Here's what you need to know about the EEU. 
 
What It Is
 

To read the full story

Copyright (c) 2015. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.

A Eurasianet partner post from <a href="http://www.rferl.org/content/russia-belarus-kazakhstan-eurasian-economi…;

What's the EEU and What Are Its Chances?

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