Joint Statement on Cooperation on the Construction of Joint Eurasian Economic Union and the Silk Road Projects

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On May 8 2015, China and Russia signed a joint declaration in Moscow with regard to integrating the development projects of the Eurasian Economic Union (EEU) and China’s Silk Road Economic Belt. The EEU, which came into effect on January 1, 2015, was established to ensure the free movement of goods, services, capital and workforce across its territory. It is believed that the Eurasian integration project and the Silk Road Economic Belt project will complement each, ultimately creating a common economic space across the entire Eurasian continent. The EEU currently comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.