The deal signed last week by Russia, Belarus, and Kazakhstan to create a Eurasian Economic Union is yet another countermeasure against US and European attempts to isolate Russia. By moving towards closer economic cooperation, Russia hopes to build, piecemeal if necessary, a common Eurasian economic space that will ultimately rival the US and Europe in terms of economic influence.
However, the ultimate goal of this sort of cooperation goes far beyond just economic power. Rather, Russia is the key facilitator of a series of multilateral arrangements created in the last fifteen years that Putin (and much of the world) hopes will ultimately move the world towards a multipolar global order. While this is undoubtedly on the agenda for Russia and its ally Belarus, Kazakhstan is a complicated partner as it is deeply involved with the West in terms of business, investment, education, and a number of other critical areas.
The Eurasian Economic Union (EEU) presents a host of possibilities for economic cooperation and development. From energy reserves to the all important pipeline infrastructure, the new arrangement will, over time, have a greater and greater impact on energy exports and consumption both in Europe and Asia as China looks to further secure its energy future. Moreover, the EEU will impact vital trade routes and commercial and private transportation options, in addition to promoting political, military, and security cooperation among the members, and in the region generally. Essentially then, the EEU should be understood as yet another blow to US hegemony in Asia and the former Soviet space. (Read entire article)
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