The Eurasian Economic Union formally came into being on New Year’s Day 2015. It is Russian President Vladimir Putin’s personal project, designed not only to create a free trade bloc as a counterweight to the European Union but also as part of a master plan to create a geopolitical unit from territories of the former USSR. It covers 183 million people and has a GDP of more than US$4 trillion. The cracks, however, are already beginning to show.

THE LAUNCH of the Moscow-led Eurasian Economic Union (EEU) at the start of 2015 should have been a cause for celebration for Russian President Vladimir Putin. Instead, his grandiose plan for a single integrated market to emulate the European Unio...

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Professor Stefan Hedlund
The Kremlin is no longer looking at an Asian pivot as a trump card but rather as a last resort for political and financial support
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