The '''Eurasian Economic Union''' was founded on May 29, 2014 by the presidents of [[Russia]], [[Belarus]] and [[Kazakhstan]]. It cuts down trade barriers and is the largest common market in the ex-Soviet sphere.<ref>http://rt.com/business/162200-russia-bealrus-kazakhstan-union/</ref> In October 10, 2014 [[Armenia]] joined the Eurasion Union.<ref>http://rt.com/business/194920-armenia-joins-eurasian-economic-union/</ref>
+
The '''Eurasian Economic Union''' was founded on May 29, 2014 by the presidents of [[Russia]], [[Belarus]] and [[Kazakhstan]]. It cuts down trade barriers and is the largest common market in the ex-Soviet sphere.<ref>http://rt.com/business/162200-russia-bealrus-kazakhstan-union/</ref> In October 10, 2014 [[Armenia]] joined the Eurasion Union.<ref>http://rt.com/business/194920-armenia-joins-eurasian-economic-union/</ref> In December 2023 [[Iran]] joined the union.<ref>https://www.specialeurasia.com/2023/01/20/iran-eaeu-free-trade-zone/</ref>
It is an alternative to Liberal [[European Union]].
It is an alternative to Liberal [[European Union]].