Thursday, March 24, 2022

Get To Know The Eurasian Economic Union

Membership in the EAEU was the overt reason Russia moved to help Kazakhstan put down the coup attempt in early January. It seems so long ago but it's been less than 80 days.

Well the EAEU and the fact Kazakhstan is the world's largest uranium producer, with output larger than the next four biggest - combined.

And the fact that, as seen in 2014's "Market Differentiation: "Kazakh leader may drop the 'stan' in Kazakhstan"" it is located in a very interesting neighborhood:

One of these is not like the others:

stans_map.bmp
From Reuters...MORE

That post was followed, in May 2014, after the coup in Ukraine, by:
"Getting the Band Back Together: Russia, Belarus, Kazakhstan to Formalize Trade Bloc (Kyrgyzstan, Armenia hope to join by year end)"

And then in October 2014 by: "Back In the U.S.S.R: Russia Completes Ratification of Eurasian Economic Union".

Why all this history?  So that when the talk at next week's salon turns to Eurasia our readers can say: I was just reading about that in "Meanwhile In Kazakhstan: "EAEU and China will develop a draft international financial system" (March 14) or these two from Russia Briefing:
March 23
Kazakhstan-Eurasian Economic Union Trade Up 29% In January
Kazakhstan’s bilateral trade with other member countries of the Eurasian Economic Union (EAEU) – Armenia, Belarus, Kyrgyzstan, and Russia reached US$1.7 billion in January 2022, which is 29% higher than the same period last year, according to Kazakhstan’s Statistics Committee.....MUCH MORE

And March 22: "Russia And Iran To Begin Banking & Finance Cooperation"

And then, visualizing the map, think about all the countries we've been posting on this month, Russia, China, India, Afghanistan, Iran and all the rest and maybe say to ones self:

"What the hell is going on?"