It is an economic union of states located in the central and northern Asia and Eastern Europe. The treaty on the Eurasian Economic Union was signed on 29 May, 2014 by the leaders of Belarus, Kazakhstan and Russia, and came into force on 1 January, 2015.
The Eurasian Economic Union is abbreviated as EAEU, but sometimes at some places EEU is also used.
The EAEU or EEU, mainly uses its arms industry, raw materials, gas and oil reserves and railways as its key assets for trade with foreign countries.
