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Eurasian Economic Union (EEU/EAEU)

The Eurasian Economic Union emerged from the Eurasian Economic Community in 2015. The primary goal of the EEU is to create a common market and a free trade area. Among the five members, Russia is by far the largest country and dominates the EEU. Thus, in 2019, the share of the Russian economy in the combined GDP of the EEU was 87%. Accordingly, much of the trade takes place between Russia and each of the other member states.