The Eurasian Economic Union EAEU which includes Russia Kazakhstan Belarus Kyrgyzstan and Armenia is a new but substantial regional organization. Significant achievements include a common external customs tariff a customs union and a common labour market a welldeveloped institutional environment has emerged to support and advance these processes ranging from the Eurasian Economic Commission and the EAEU Court to the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development. This major integration achievement also has several drawbacks and stumbling stonessome due to Russias dominant position some due to the authoritarian nature of political regimes and some due to dependence on oil and gas exports.