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Eurasian Economic Union

All articles tagged with #eurasian economic union

world24 days ago

Indonesia Signs Free Trade Deal with Eurasian Economic Union to Boost Trade

Indonesia and the Eurasian Economic Union have signed a free trade agreement to boost bilateral trade, granting Indonesia preferential rates on most tariffs and aiming to increase exports of key products like palm oil, textiles, and electronics. The deal, signed in St. Petersburg and witnessed by Russian President Vladimir Putin, could potentially double trade between the two economies, which currently totaled $4.4 billion in the first ten months of 2025.

via Reuters|
#eurasian-economic-union#exports#free-trade-agreement
energy-policy1 year ago

"Russia Implements 6-Month Ban on Gasoline Exports"

Russia will ban gasoline exports for six months starting March 1 to address rising domestic demand, particularly due to summer vacation travel, spring fieldwork, and planned refinery repairs. The ban aims to stabilize domestic prices and follows previous restrictions imposed between September and November. Exemptions include members of the Eurasian Economic Union, as well as Uzbekistan, Mongolia, and Georgia’s separatist regions. This move comes after Russia increased gasoline exports to new buyers following bans by the US, EU, and G7 countries over the Ukraine invasion.

via The Moscow Times|
#ban#domestic-demand#energy-policy
energy2 years ago

Russia Implements Temporary Fuel Export Ban to Address Shortages and Stabilize Domestic Prices

Russia has implemented a temporary ban on the export of gasoline and diesel to countries outside of the Eurasian Economic Union, consisting of Belarus, Kazakhstan, Armenia, and Kyrgyzstan, in an effort to stabilize the domestic fuel market and reduce prices for consumers. The ban aims to prevent unauthorized "grey" exports and comes as Russia faces shortages of fuel due to factors such as refinery maintenance, railway bottlenecks, and the weak ruble. The government has also increased mandatory supply volumes and established daily monitoring of fuel purchases for agricultural needs.

via Reuters.com|
#domestic-market#energy#eurasian-economic-union
trade2 years ago

Russia and Iran to Form Regional Free Trade Pact by Year-End.

Russia's Deputy Prime Minister, Alexei Overchuk, has said that a free trade zone agreement between Iran, Russia, and several countries in the Eurasian region is possible by the end of the year. Talks between the Eurasian Economic Union and Iran are in their final stages, and an agreement would replace and expand an interim pact that already provides a reduction in customs duties on hundreds of categories of goods. Despite tighter ties between Moscow and Tehran, trade between the two markets has grown only moderately.

via Reuters.com|
#customs-duties#eurasian-economic-union#free-trade-zone
politics2 years ago

Eurasian Leaders Discuss Economic Integration and Nuclear Weapons

Kazakhstan's President Tokayev criticized the Russia-led Eurasian Economic Union (EAEU) and warned against political integration between its members, cautioning that the union should be seen as an exclusively economic bloc. He also highlighted that economic integration within the EAEU is taking place in contradiction to the bloc's founding agreements and goals. Kazakhstan has grown increasingly wary of the Kremlin's geopolitical ambitions in the former Soviet space following its military offensive against Ukraine and has moved closer toward countries like the United States, China, and NATO member Turkey.

via The Moscow Times|
#economic-integration#eurasian-economic-union#geopolitical-ambitions