In the lead-up to the creation of a Eurasian Economic Union in 2015, the Customs Union and the Common Economic Space between Russia, Belarus and Kazakhstan represent two elements of the most ambitious regional integration project launched in the post-Soviet era since 1991.
This CEPS Special Report examines both the potential and the limits of Eurasian economic integration. Taking the data available for the early stages of the European integration process as a benchmark, the results for the Customs Union and the Common Economic Space point to a rather unfavourable outlook for Eurasian economic integration.
Steven Blockmans is a CEPS Senior Research Fellow and Head of the EU Foreign Policy unit. Hrant Kostanyan is an Associate Research Fellow and Ievgen Vorobiov is an intern at CEPS.