Abstract. The article analyses results of the summit meeting of Russia, Belarus and Kazakhstan (Minsk, October 2014) which decided to launch the Eurasian Economic Union (EEU) from January 1, 2015. A common market of commodities, services and labor as well as a number of agencies regulating economic activities of the EEU are to be established in the framework of the Union. Also the Treaty on Republic of Armenia joining the EEU was signed at the summit.