The EAEU Free Trade Bloc includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fills the economic space between Eastern Europe and Western China. With Free Trade Agreements now in place with China, Indonesia, Iran, Mongolia, Serbia, Singapore, the UAE and Vietnam, and negotiations well underway with India and Egypt, the EAEU is developing as a vast Eurasian trade space. Leverage the EAEU single market as we discuss business regulations, customs procedures, and trade advantages for companies operating within or trading with the Eurasian Economic Union.
Armenia is negotiating with Russia over the construction of a second Nuclear Power Plant. Armenia’s existing NPP dates back to the Soviet era, while Armenia looks to secure future energy supplies. Yerevan however appears intent on driving a hard bargain.
Russia’s Transmashholdings, the countries largest manufacturer of railway locomotives and carriages, is eying the Vietnamese market as several Vietnamese city projects are being put into practice including new underground Metro and regular overland rail services.
Kazakhstan and Russia are making significant efforts to boost Eurasian continental rail connectivity with China, in moves that will further secure supply chains in the wake of current maritime shipping problems. We examine the trends and the longer term impacts.
Russia’s Wildberries & Russ has established a WB Taxi pilot taxi hailing service in Kyrgyzstan as the company both enters the domestic market and tests for a later launch in Russia. WB Taxi users have access to the Standard, Comfort, and Multi fares, 24/7 voice support, and chat functionality. There is also a loyalty programme.
The Russian Prime Minister Mikhail Mishustin has met with Kazakh President Kassym-Jomart Tokayev in Shymkent to attend a Eurasian Economic Union Intergovernmental Commission. Russia-Kazakh bilateral trade has reached nearly US$30 billion, ahead of schedule, while Russian investment in Kazakhstan has reached US$50 billion. The two countries collaborate in energy, agricultural and numerous engineering sectors.
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The Russian Foreign Minister Sergey Lavrov has met with the Ambassadors of all of the ASEAN countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam, in Moscow. They discussed improving Russia’s multilateral trade with the bloc as well as developing relations between ASEAN and BRICS, the Eurasian Economic Union and Shanghai Cooperation Organisation.
The Iran war is impacting supply chains throughout Central Asia including the Eurasian Economic Union and Commonwealth of Independent States, creating new logistics corridors as well as problems. We examine the geostrategic implications as the Western hemisphere becomes increasingly isolated from the East.
Russia increased both the volume and revenue from its 2025 exports of agricultural produce to the Eurasian Economic Union countries – Armenia, Belarus, Kazakhstan and Kyrgyzstan – by 23% as it looks to diversify its export mix. Sunflower oil, confectionery, flour, pork, sugar, animal feed, rapeseed, wheat, canned vegetables, vegetable and meat extracts, coffee and tea exports all increased.
Mongolia has determined which of its cross-border routes to Russia will handle the bulk of Mongolia-Eurasian Economic Union multilateral trade and is working on expending facilities to cope with demand. The related free trade agreement should be ratified later this year.
Landlocked Belarus, rubbing up against political and security barriers to the West and South, is looking North and East as it wishes to continue to develop its own Pivot to Asia. This includes a specific Belorussian container terminal dedicated to Belarus imports and exports at Murmansk port in the Russian Arctic.
Russia’s President Putin has held discussions with the leaders of Bahrain, Qatar, Saudi Arabia and the UAE concerning the immediate situation in Iran and responses to the current attacks and counterattacks going on in the Middle Eastern region.
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