Eurasian Economic Union: in the European Union's footsteps or on new paths?

Abstract

The European and Eurasian integration forms are genuinely unique, with legislative, executive, and judicial powers at the supranational level. The comparative analysis used in this article was aimed at evaluating the Eurasian Economic Union’s (EAEU) integration in comparison with the European Union’s (EU). The article presents some common characteristics of the European and Eurasian integration processesas well as several differences that may arise from the reasons for integration. The authors analysed, structured, and evaluated the features of the EU and EAEU by applying the interdisciplinary and comparative approach of the PESTEL factors analysis. The conclusion is that even though the EAEU has copied some EU operational mechanisms, the integration’s differences might always be tangible. The authors found particularly interesting how the historical roots of EU integration and the political reasons for enhancing the EAEU exist with similar institutional solutions. The integration’s aim in defining themselves as global actors in the globalised environment is very intriguing. It can be concluded that the EU might serve as an example worth following to the EAEU in many senses

Keywords

• integration forms
• European Union
• EU
• Eurasian Economic Union
• EAEU
• global actors