Introduction
The Eurasian region occupies 14% of the world area and ranks “first” in oil extraction, “first” in world gas extraction, “fourth” in energy production and “third” in railways, “fourth” in Iron and the “fifth” in steel production across the globe.
In 1994, the then President of Kazakhstan proposed the formation of the Eurasian Economic Union, which was pursued by the President of the Russian Federation, Vladimir Putin.
Finally, in 2015, the “Eurasian Economic Union” was officially formed with the participation of five countries including the Russian Federation, Kazakhstan, Belarus, Armenia, and Kyrgyzstan.
- Russia has 145 million populations and its foreign exchange reached $687 billion in 2018.
- Kazakhstan has 18.28 million populations and its foreign exchange reached $93 billion in 2018.
- Kyrgyzstan has 6.3 million populations and its foreign exchange reached $7.12 billion in 2018.
- Belarus has 9.4 million populations and its foreign exchange reached $93 billion in 2018.
- Armenia has 2.9 million populations and its foreign exchange reached $7.20 billion in 2018.
Read also: Iran proposal to the Eurasian Economic Commission
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Russia
Russia has 145 million populations and its foreign exchange reached $687 billion in 2018.
1
Kazakhstan
Kazakhstan has 18.28 million populations and its foreign exchange reached $93 billion in 2018.
2
Kyrgyzstan
Kyrgyzstan has 6.3 million populations and its foreign exchange reached $7.12 billion in 2018.
3
Belarus
Belarus has 9.4 million populations and its foreign exchange reached $93 billion in 2018.
4
Armenia
Armenia has 2.9 million populations and its foreign exchange reached $7.20 billion in 2018.