The article explores the current state and development prospects of the Eurasian Economic Union (EEU) which is functioning under conditions of a deep global economic crisis caused by the coronavirus pandemic and dramatic fall of the world oil market. Besides these factors of a global character the EEU activities experience a serious negative impact of a number of regional problems and challenges – starting from a continuing regime of Western trade and economic sanctions and ending up with political intrigues carried  out by some EEU member -states (Armenia, Byelorussia) under slogans of multipolarity which resulted in a crisis of their domestic and foreign policies and also seriously undermined their participation in the EEU economic activities.