The treaty creating the Eurasian Economic Union (EEU) has been ratified by the three Member States, which include Belarus, Kazakhstan and Russia. The treaty was signed 29 May 2014, and was ratified by Russia on 3 October 2014, by Belarus on 9 October 2014, and by Kazakhstan on 14 October 2014.

The EEU treaty creates a single market with no customs control and a zero VAT rate. It effectively re…