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2019 | OriginalPaper | Chapter

Trade in Energy: The Case of the Eurasian Economic Union

Author : Seljan Verdiyeva

Published in: European Yearbook of International Economic Law 2018

Publisher: Springer International Publishing

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Abstract

The Eurasian Economic Union was established on May 29, 2014. The members of the union are the Russian Federation, Kazakhstan, Belarus, Armenia and the Kyrgyz Republic. Energy dialogue forms an important part of this union. Currently, the parties aim to conclude the formation of the common energy market by 2025, however there are a number of hurdles blocking the successful achievement of this goal. This article argues that formation of common energy market is hindered through the lack of trust between the members, monopolization of the energy sectors, non-coordination of national energy policies, lack of fair competition in the energy market and dependence on single source of energy, mainly fossil fuel in overall energy mix.

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Title: Trade in Energy: The Case of the Eurasian Economic Union
Author: Seljan Verdiyeva
Publisher: Springer International Publishing
Book: European Yearbook of International Economic Law 2018
Print ISBN: 978-3-319-97751-5

Electronic ISBN: 978-3-319-97752-2

Copyright Year: 2019
DOI: https://doi.org/10.1007/8165_2018_24

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