| Summary/Abstract |
THE EURASIAN ECONOMIC UNION (EAEU) is a new structure, and one with a strategic role in international relations. Its founding treaty of May 29, 2014 defines it as "an international organization for regional integration possessing international legal personality." The principal tasks of the EAEU, whose members are five sovereign and equal states - Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, - are to create conditions for the stable economic development of the member countries in order to raise the living standards of their population; to build common markets for goods, services, capital, and labor; and to ensure efficient cooperation between the member countries' economies, comprehensively modernize them and make them more competitive globally
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