One of the aims of the Eurasian Economic Union (EEU, made up of Russia, Belarus, Kazakhstan and Armenia) is the creation of a common energy market. Can this project change the energy balance of power in Europe?
Energy dominates trade between the EEU countries. The key motivation for Belarus to join the EEU was its determination to obtain full liberalisation of energy trade, and therefore to gain access to Russian oil and gas transmission grids without export taxes. Kazakhstan was…