Abstract. The article evaluates policies and governance of the Eurasian Economic Union (EAEU) and validates the future of Eurasian integration. In order to avoid volatility of quantitative indicators and externalities that may lead to uncertain predictions, the means for this task include: Firstly, a qualitative analysis of EAEU constituents, namely of Customs Union (CU) and Common Economic Space (CES) policies, as well as of the functions of Union’s bodies in accordance respectively with theories of economic integration and theoretical approaches on state sector’s effective operation. Secondly, the strategic dimension of collaboration of EAEU member states in other Eurasian organizations and associations, such as the Commonwealth of Independent States (CIS) and the Greater Eurasian Partnership (GEP), in relation with Russian grand strategy and its dynamics on global order.