The United Arab Emirates (UAE) and Eurasian Economic Union (EAEU) member countries discussed the establishment of a free trade zone, which might become a significant step in strengthening Emirati financial and economic presence in the Eurasian geopolitical chessboard and support Russian financial strategy to contrast Western sanctions' consequences.
The agreement on creating a Free Trade Zone between Iran and the Eurasian Economic Union stressed the rising diplomatic and economic efforts that Tehran and Russia are sustaining to counter Western sanctions and find alternative solutions for their economies and import-export activities.
Tehran’s attempt to become a member of the Eurasian Economic Union aims to enhance its trade partners and contrast the economic problems caused by the U.S. sanctions.
