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Eurasian Economic Union: present and future perspectives


  • Azimzhan Khitakhunov

    () (Al-Farabi Kazakh National University)

  • Bulat Mukhamediyev

    () (Al-Farabi Kazakh National University)

  • Richard Pomfret

    () (University of Adelaide
    The Johns Hopkins Bologna Center)


Abstract This paper analyzes the economic and political situation in the Eurasian Economic Union. The basic question is why it was created after the failure of all previous integration projects in the Commonwealth of Independent States and Central Asian region? The paper examines the effects and opportunities for the regional economy of economic sanctions imposed on Russia and of Russian counter-sanctions. It also analyzes relations between the Eurasian Economic Union and the European Union and draws perspectives and policy implications for their future relations.

Suggested Citation

  • Azimzhan Khitakhunov & Bulat Mukhamediyev & Richard Pomfret, 2017. "Eurasian Economic Union: present and future perspectives," Economic Change and Restructuring, Springer, vol. 50(1), pages 59-77, February.
  • Handle: RePEc:kap:ecopln:v:50:y:2017:i:1:d:10.1007_s10644-016-9182-1
    DOI: 10.1007/s10644-016-9182-1

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    References listed on IDEAS

    1. Richard E. Baldwin, 1997. "The Causes of Regionalism," The World Economy, Wiley Blackwell, vol. 20(7), pages 865-888, November.
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    More about this item


    Eurasian Economic Union; Regional integration; Sanctions;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries


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