The Eurasian Economic Union (EAEU) is an economic union of states located

primarily in northern Eurasia. The 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.[10] 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.
After the end of the Cold War and the Dissolution of the Soviet Union, Russia and
the Central Asian republics were weakened economically and faced declines
in GDP. Post-Soviet states underwent economic reforms and privatisation. The
process of Eurasian integration began immediately after the break-up of the Soviet
Union to salvage economic ties with Post-Soviet states through the creation of
the Commonwealth of Independent States on 8 December 1991 by the presidents
of Belarus, Kazakhstan and Russia.
The treaty establishing the Eurasian Economic Union was formally signed by three
states which were part of the former Soviet Union: Belarus, Kazakhstan,
and Russia. Agreements to enlarge the EEU to the other post-Soviet states
of Armenia and Kyrgyzstan were signed on 9 October and 23 December 2014,
respectively

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