Igbal A Guliev

The recent signing of the Interim Trade Agreement between Eurasian economic union (EAEU) and Iran has been the subject of political discussion. The future of cooperation between these two parties may shift the look of the Middle East and solve numerous problems, characteristic for the region and for EAEU. Russia as a key player in EAEU plays a significant role in the process of cooperation with Iran. The article aims at: a) revealing the economic and political benefits of cooperation between Iran and EAEU, b) revealing the economic and political benefits of cooperation between Iran and Russia, c) developing a strategy and clarifying the vision of the future of Interim Trade Agreement for EAEU. The key findings of the article incorporate the proof of the effectiveness of trade cooperation between EAEU and Iran and the effectiveness of the development of trade in services between Iran and Russia, based on energy cooperation; the strategy which allows to gain more benefits for EAEU countries and Iran in the process of cooperation under the Agreement and its successor. The novelty of the article comprises from revealing the high potential of such cooperation format and its future and the assessment of political and socio-cultural consequences and benefits of cooperation for both sides