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.

1. Russia has 145 million populations and its foreign exchange reached $687 billion in 2018.
2. Kazakhstan has 18.28 million populations and its foreign exchange reached $93 billion in 2018.
3. Kyrgyzstan has 6.3 million populations and its foreign exchange reached $7.12 billion in 2018.
4. Belarus has 9.4 million populations and its foreign exchange reached $93 billion in 2018.
5. 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.

5