Belarus, Kazakhstan and Russia presented the creation of the Eurasian Economic Union as a “historic moment”. To what extent is it really historic? Can the EAEU become a union similar to the European Union? It is worth drawing parallels between the EAEU and the EU once again.
Economic Power
The number of population in the Eurasian Economic Union is around 179 million, the gross domestic product (GDP) is 1.9 trillion USD. Meanwhile, the population of the European Union is 510.1 million and the GDP is 16.2 trillion. The former has 5, and the latter has 28 member countries.
Roughly speaking, the EU, with …read more
Source: A1plus
