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EAEU Public Opinion: What Armenians, Kazakhs, and Kyrgyz Really Think

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A landmark 2026 study reveals eroding trust, sovereignty anxieties, and a bloc struggling to justify its existence to the very peoples it claims to serve.

When Nursultan Nazarbayev first sketched the outlines of a Eurasian economic union in the early 1990s, he imagined something elegant: a voluntary commonwealth of post-Soviet nations, bound not by Moscow’s imperial gravity but by rational self-interest, shared infrastructure, and frictionless trade. Three decades later, the Eurasian Economic Union (EAEU) he helped conjure into existence marks its tenth anniversary as a functioning institution—complete with a common customs tariff, a nominal single labor market, and $20 billion in cumulative intra-bloc investment. On paper, those are real achievements. On the streets of Bishkek, Yerevan, and Almaty, the mood is something else entirely.

New research published in February 2026 in Eurasian Geography and Economics by Dr. Zhanibek Arynov of Nazarbayev University and his co-author Diyas Takenov offers the most systematic public-perception audit of the EAEU to date—drawing on focus groups and survey data across all three smaller member states. The findings are striking, occasionally counterintuitive, and should unsettle anyone who believes that post-Soviet integration can survive on institutional inertia and official enthusiasm alone. Across Armenia, Kazakhstan, and Kyrgyzstan, positive perceptions of the EAEU are in measurable decline. Economic grievances have deepened. Sovereignty anxieties have sharpened, supercharged by Russia’s full-scale invasion of Ukraine. And in one of the study’s most surprising findings, it is Kazakhstan—the EAEU’s co-founder and most economically capable member—that harbors the strongest sentiment in favor of eventual withdrawal.

The Ten-Year Ledger: What the Numbers Say

The Eurasian Economic Commission’s own data tells a story of institutional progress that would be impressive if viewed in isolation. Over the past decade, the EAEU’s combined GDP has grown by nearly 18%, industrial production has risen by 29%, and cumulative intra-union foreign direct investment has reached $20 billion. Intra-bloc trade has climbed steadily, and the union now boasts free trade agreements with Singapore, Vietnam, Serbia, and—as of 2023—Iran, with negotiations ongoing with India and Egypt.

Yet the EAEU’s own registry of internal market obstacles tells a different story. As of the bloc’s tenth anniversary, the organization still officially lists one barrier, 35 limitations, and 33 exemptions to the supposed free flow of goods, capital, and labor—figures that represent not a success story but a confession. A truly integrated common market doesn’t require a bureaucratic catalogue of its own failures.

The Carnegie Endowment for International Peace and Chatham House have both documented this structural paradox: the EAEU’s institutional architecture is more developed than its predecessor organizations, yet its member states have shown persistent reluctance to transfer genuine sovereignty to supranational bodies. The EAEU Court in Minsk, for instance, cannot initiate cases or issue preliminary rulings the way the European Court of Justice can—a design feature that reflects, rather than corrects, the political will of its members.

It is within this gap between rhetoric and reality that Arynov and Takenov have done their most important work.

Kazakhstan: The Founder’s Doubt

No country’s EAEU story is more psychologically complex than Kazakhstan’s. This was the nation whose founding president claimed intellectual paternity of the entire project, whose government remained, as Arynov noted in a February 2025 commentary for the Italian Institute for International Political Studies (ISPI), “strongly enthusiastic” about the union even as public sentiment shifted beneath its feet.

And shift it has. The trajectory of Kazakhstani public opinion on the EAEU is a cautionary tale about what geopolitical trauma can do to an integration project’s legitimacy. In 2015, surveys recorded roughly 80% approval among Kazakhstanis for the bloc. By 2017, that figure had dipped slightly. Today, based on the Arynov-Takenov focus group research, scepticism has become the dominant public sentiment—and it operates on two distinct registers.

The first is geopolitical. Russia’s 2022 invasion of Ukraine shattered whatever pretense remained that the EAEU was a purely economic organization, insulated from Moscow’s military and political ambitions. Kazakhstani focus group participants repeatedly cited Russian politicians’ inflammatory rhetoric questioning Kazakhstan’s territorial integrity—a visceral and deeply personal grievance in a country that shares a 7,500-kilometer border with Russia and has a substantial ethnic Russian minority. Many now view membership in the EAEU not as a source of economic opportunity but as a vector for geopolitical exposure: a mechanism through which secondary sanctions risk could spill over from Russia’s pariah status onto Kazakhstani businesses and banks. Kazakhstan’s own government has walked an extraordinary tightrope since 2022, publicly refusing to endorse Russia’s war, providing humanitarian assistance to Ukraine, and accelerating economic diversification—all while remaining formally embedded in Moscow’s preferred institutional architecture.

The second register is economic. Focus group participants in Kazakhstan cited the EAEU’s failure to deliver on its core promises: persistent non-tariff barriers, asymmetric market access that has benefited Russia far more than smaller members, and the absence of meaningful sectoral coordination. Kazakhstan’s industrial base—the most diversified among the smaller EAEU members—has expanded its exports within the union, but critics argue the terms of trade systematically favor the bloc’s hegemon.

What makes the Arynov-Takenov finding genuinely surprising is its comparative dimension. Despite Kazakhstan’s historical ownership of the Eurasian project, its public registers more intense withdrawal sentiment than Armenia—a country that has spent the past three years openly pursuing European Union membership and freezing its participation in the parallel CSTO security organization. The researchers interpret this counterintuitive result as a product of Kazakhstan’s relative economic confidence: a country with more options feels more emboldened to contemplate exit.

Armenia: The Ambivalent Western Pivot

If Kazakhstan’s EAEU skepticism is rooted in geopolitical anxiety, Armenia’s is shaped by an identity crisis that predates 2022. Yerevan joined the EAEU in 2015 not out of Eurasian conviction but under what most analysts describe as coercive Russian pressure—President Serzh Sargsyan reversed a near-completed EU Association Agreement in 2013 following a meeting with Vladimir Putin, a U-turn that Nikol Pashinyan—then an opposition parliamentarian—voted against.

That original reluctance has since hardened into something more structured. In March 2025, Armenia’s parliament passed the EU Integration Act with 64 votes in favor, formally enshrining the country’s aspiration for European membership in law. Prime Minister Pashinyan has since stated publicly that simultaneous membership in the EU and EAEU is impossible, and that Armenia will eventually face a binary choice. Russian Deputy Prime Minister Alexei Overchuk was direct in his response: the EU accession process, he said, would mark the beginning of Armenia’s EAEU withdrawal.

Yet for all this diplomatic theatre, the Arynov-Takenov research reveals something more nuanced: Armenian public sentiment, while clearly disillusioned with the EAEU, stops short of demanding immediate exit. A 2023 survey found that only 40% of Armenians expressed inclination to trust the EAEU, while 47% said they did not—a notable trust deficit, but not an overwhelming mandate for departure. Armenia’s economic dependency on Russia remains a profound constraint: Moscow is Yerevan’s largest trading partner, accounting for over a third of total foreign trade, and Russia controls critical infrastructure sectors including electricity distribution and natural gas supply.

Arynov’s research frames this as the logic of vulnerability over principle: states with fewer economic alternatives tend to prefer reform of existing arrangements over the risk of exit. Armenia’s trade with Russia reached record highs in 2024—a perverse consequence of post-Ukraine sanctions, as Yerevan became a key re-export corridor for goods flowing toward the Russian market. Leaving the EAEU would mean not only sacrificing that trade volume but potentially triggering Russian economic retaliation at a moment when the peace process with Azerbaijan remains fragile and a formal EU candidacy is still years away. As one analyst writing for CIDOB assessed in 2025, the EU integration law was widely understood as a pre-election political gesture rather than an imminent foreign-policy reorientation.

The result is a population that has grown deeply ambivalent about the EAEU on normative grounds—viewing it as an instrument of Russian influence and a structural impediment to European integration—while pragmatically accepting that the exit costs may be prohibitive in the near term. Armenia, the research suggests, is a case study in EAEU skepticism without EAEU exit—a condition the bloc’s architects never anticipated and have no institutional mechanism to address.

Kyrgyzstan: When the Labor Market Promise Breaks Down

Kyrgyzstan’s relationship with the EAEU has always been the most transactional. When Bishkek joined in 2015, the primary draw was not abstract Eurasian solidarity but concrete economics: frictionless access to the Russian labor market, automatic recognition of professional qualifications, and the right to work in Russia without a permit or quota. For a country in which remittances have at times constituted over 30% of GDP, those were not minor benefits. They were the entire rationale.

A decade later, that rationale is in serious trouble. The Arynov-Takenov research documents a Kyrgyz public increasingly aware of the gap between what the EAEU’s common labor market promised and what it delivers. Since Russia’s full-scale invasion of Ukraine in 2022 and the Crocus City Hall terrorist attack in 2024—which prompted a massive anti-Central Asian backlash in Russian public discourse—Moscow has systematically tightened restrictions on migrant workers. More than 208,000 individuals were placed on Russia’s migration control lists. Tens of thousands of Kyrgyz nationals were blacklisted. New regulations require one-year employment contracts that create legal uncertainty and reduce the incentive for long-term labor migration.

In January 2026, the breach became institutional: Kyrgyzstan filed a formal lawsuit against Russia at the EAEU Court in Minsk, accusing Moscow of violating union treaty obligations by refusing to provide compulsory health insurance to the family members of Kyrgyz migrant workers—protections that the EAEU’s founding documents explicitly guarantee. That Bishkek chose to take the dispute to a supranational forum rather than quiet bilateral channels represents an unusual escalation for a country that has typically sought to manage its relationship with Russia with extreme discretion.

Border frictions add another layer of grievance. Kyrgyz exporters must cross into Kazakhstan to reach any other EAEU market—a structural vulnerability that leaves them subject to inconsistent technical inspections, shifting regulatory requirements, and effectively unilateral trade barriers. Despite EAEU membership, Kyrgyz traders report that the promised single market remains aspirational rather than operational.

Yet here, too, the research underscores the reform-over-exit logic. Remittances from Russia still constitute approximately 24% of Kyrgyz GDP—in the first five months of 2025, Russia accounted for 94% of all inward remittance flows. No realistic alternative labor market of that scale exists. The Kyrgyz public, the Arynov-Takenov data suggests, wants the EAEU to be fixed, not abandoned. Their grievances are pointed and specific: protect our migrants, remove border frictions, fulfill the promises of the common market. What they display is not Eurasian fatalism but consumer frustration with a product that has underdelivered—a distinction the bloc’s leadership would do well to internalize.

What a Legitimacy Deficit Looks Like

Taken together, the Arynov-Takenov findings paint a picture of an institution navigating a slow-burning legitimacy crisis across precisely the member states where popular consent matters most. Russia and Belarus, the EAEU’s two largest economies, are not meaningfully constrained by public opinion in the conventional sense. But Armenia, Kazakhstan, and Kyrgyzstan are—to varying degrees—responsive to domestic political sentiment, and that sentiment is turning.

The Brookings Institution and Foreign Affairs have both noted the structural tension at the heart of post-Soviet integration projects: they are designed to function as technical economic arrangements while carrying enormous geopolitical freight. The EAEU was never purely an economic organization—its conception was entangled from the outset with Russia’s strategic goal of maintaining a sphere of privileged influence in the former Soviet space. That entanglement, largely invisible to ordinary citizens during years of oil-fueled growth, has become glaringly apparent in the era of Ukraine sanctions, territorial rhetoric, and migration crackdowns.

The research by Arynov and Takenov—who has also examined the oscillating trajectory of Russia-Kazakhstan relations in Horizons: Journal of International Relations and Sustainable Development—fills a significant gap in what has been a state-centric and Russia-centric literature. By focusing on citizens rather than governments, focus groups rather than official communiqués, the study reveals the EAEU as its actual publics experience it: not as an elegant integration architecture but as a daily reality of border queues, disputed remittance rights, and sovereignty traded away for economic promises that have been only partially kept.

The Policy Horizon

What should policymakers take from this analysis? Three things stand out.

First, the distinction between exit sentiment and reform preference is politically significant—and fragile. In Kyrgyzstan and Armenia, publics currently prefer fixing the EAEU over leaving it. But that preference is conditional on the belief that improvement is possible. If Russia continues to restrict migrant workers while EAEU dispute mechanisms prove toothless, the reform constituency will erode and the exit constituency will grow.

Second, Kazakhstan is the swing state. Its combination of relative economic strength, intense post-Ukraine sovereignty anxieties, and stronger-than-expected withdrawal sentiment makes it the member most likely to redefine the bloc’s political trajectory over the next decade. President Tokayev has so far managed the balance skillfully—publicly distancing Kazakhstan from Russia’s war while remaining formally embedded in Moscow’s institutions. But that balance cannot be maintained indefinitely if Russian behavior continues to erode the bloc’s credibility with Kazakhstani citizens.

Third, the EAEU’s legitimacy problem cannot be solved by economic commissions alone. The organization publishes detailed technical reports, maintains an elaborate institutional structure, and generates impressive aggregate statistics. None of that addresses what Arynov and Takenov’s research identifies as the core public grievance: the perception that the EAEU is less a common market than a vehicle for Russian geopolitical interest, managed by a supranational body with insufficient autonomy to enforce its own rules against its dominant member.

Ten years after the Treaty came into force, the Eurasian Economic Union faces a choice it has never been designed to confront: whether it can reform itself substantively enough to rebuild public legitimacy in states that joined it for practical reasons and are now questioning whether those reasons still apply. The research of Arynov and Takenov does not answer that question. But it asks it with a clarity and precision that neither EAEU bureaucrats nor Kremlin strategists should be comfortable ignoring.


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Analysis

How Malaysia “Shrugged Off” Trump’s Tariffs — and What Comes Next

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When the Trump administration’s tariff regime rattled export-dependent Asian economies in 2025, Malaysia’s finance ministry response stood out for its composure. “We didn’t panic,” the finance minister told reporters, describing a deliberate strategy of diversification and negotiation rather than reactive concessions (Fortune).

From crisis response to execution agenda

That composure has carried into 2026. Malaysia’s economy minister has described this year explicitly as one of “execution,” as the Anwar Ibrahim administration works to lock in the policy gains built through 2025’s trade turbulence (Fortune). The framing matters: it signals Putrajaya sees 2026 less as a year of new initiatives and more as a year of delivering on commitments already made — the Johor-Singapore Special Economic Zone chief among them.

The semiconductor exposure that both helps and constrains

Malaysia’s electrical and electronics sector accounts for roughly 40% of total exports, with semiconductors alone comprising about 65% of E&E exports (J.P. Morgan Private Bank). That concentration is precisely why Malaysia benefited from 2025’s tariff exemptions on semiconductors, electronics and pharmaceuticals, and precisely why any future change to those exemptions carries outsized risk for Malaysian growth relative to more diversified regional peers (J.P. Morgan Private Bank).

The Johor-Singapore SEZ as the structural bet

Johor’s 7,300-acre innovation sandbox, part of the new special economic zone with Singapore, is Malaysia’s clearest attempt to convert its manufacturing base into a higher-value regional hub rather than remain a low-cost assembly point (Fortune). The zone’s stated ambition — combining Johor’s “land and scale” with Singapore’s “capital and speed” — positions the region to capture AI-linked infrastructure and hardware investment that would otherwise bypass both countries individually (Fortune).

Corporate consolidation follows the growth signal

Confidence in Malaysia’s execution story is visible in corporate activity too: two Southeast Asia 500 companies are reportedly exploring a merger that would form Malaysia’s largest construction conglomerate, a scale bet that typically follows — rather than precedes — genuine confidence in a multi-year infrastructure pipeline (Fortune).

The regulatory friction points

Not every 2026 storyline is frictionless. Malaysia has moved to temporarily block the Grok AI platform alongside Indonesia following a sexual-deepfake scandal, illustrating that Malaysia’s AI-forward economic strategy is running in parallel with an increasingly assertive AI-governance posture — a tension regional investors should track as a signal of how Malaysia intends to regulate the same technology sector it is courting for investment (Fortune).

What “execution” needs to mean by year-end

For Malaysia’s 2026 narrative to hold, three things need to materialise beyond announcements: measurable Johor SEZ tenant commitments, continued semiconductor export resilience against any tariff-exemption rollback, and a construction-sector consolidation that actually delivers infrastructure rather than simply consolidating market share.


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AI

Singapore’s AI Boom Is Now a Two-Country Story

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Singapore has spent the past two years becoming one of the primary beneficiaries of the global AI infrastructure buildout, alongside Taiwan’s semiconductor sector. The city-state’s role as a data-center hub allowed it to capture significant capital inflows even as the broader labour-market impact of that investment stayed limited, given how capital-intensive AI infrastructure spending tends to be (J.P. Morgan Private Bank).

Why the AI cycle didn’t stay contained to Singapore

What is changing in 2026 is the geography of that investment. J.P. Morgan’s Asia outlook notes Southeast Asian economies — traditionally anchored in commodities and export manufacturing — are now aligning more closely with the global AI investment cycle by deepening involvement in higher-value areas: infrastructure, hardware and complementary supply chains (J.P. Morgan Private Bank).

Land constraints in Singapore make expansion difficult, which is precisely where the Johor-Singapore Special Economic Zone becomes central to the region’s AI investment thesis rather than a side story.

The Johor SEZ as capacity release valve

Johor has launched a 7,300-acre innovation sandbox as part of the new special economic zone bordering Singapore, explicitly designed to combine Johor’s land and scale with Singapore’s capital and speed, according to the state investment committee’s chair (Fortune). One local official described the ambition bluntly: the zone is meant to be more than “an industrial park with a nicer brochure” (Fortune).

Malaysia’s structural beneficiary position

Malaysia’s electrical and electronics sector already accounts for roughly 40% of the country’s total exports, with semiconductors comprising about 65% of E&E exports — positioning Malaysia as a structural beneficiary of the AI-linked shift in regional trade, according to J.P. Morgan’s Asia analysis (J.P. Morgan Private Bank). Malaysia’s economy minister has framed 2026 explicitly as a year of “execution” for the Anwar administration as it tries to lock in these policy gains (Fortune).

Monetary policy backdrop supports the buildout

Asian central banks spent much of 2025 easing policy and are entering the final stages of that cycle in 2026, shifting more of the growth-support burden to fiscal policy — a backdrop J.P. Morgan expects to support stronger domestic credit growth and consumer demand across the region, reinforcing rather than competing with the AI capital cycle (J.P. Morgan Private Bank).

The regional risk to watch

Most of the region avoided the brunt of 2025’s tariff shock thanks to exemptions on semiconductors, electronics and pharmaceuticals, but that exemption structure remains a policy choice in Washington rather than a permanent feature — meaning the Singapore-Johor AI corridor’s growth case still carries meaningful US trade-policy risk that investors should not discount simply because 2025’s tariffs were absorbed relatively smoothly (J.P. Morgan Private Bank).


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Analysis

Why Global Family Offices Are Converging on Dubai in 2026

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Dubai’s transformation from oil-adjacent trading post to global capital hub is no longer a talking point — it is a measurable trend. The emirate’s newly launched Economic Survey 2026 shows GDP climbing to $265 billion alongside rising employment, while international family offices are gathering for the Family Office Summit Dubai 2026 as the city cements its position as a family-wealth hub (Gateway Group; Arabian Business).

The non-oil growth engine

The UAE enters 2026 with the World Bank projecting national growth of roughly 5%, well above the global average, driven substantially by 5.3% expansion in the non-oil sector (Barchart). Technology, green energy and healthcare are the top-performing sectors, and 64% of UAE executives expect trade volumes to exceed 2025 levels — confidence underpinned by the country’s expanding network of Comprehensive Economic Partnership Agreements (Barchart). Historically, oil production accounted for half of Dubai’s GDP; today it contributes less than 1% (Wikipedia/Economy of Dubai).

Why family offices specifically are relocating

The Family Office Summit Dubai 2026 is drawing international participants precisely because the emirate has built regulatory infrastructure — inside jurisdictions like the DIFC — designed to attract exactly this category of capital. As one DIFC executive noted, incentives alone are no longer enough to win global finance; institutional credibility and regulatory clarity now matter more, which explains why firms such as Sixth Street have opened Abu Dhabi offices as global investment houses deepen their Middle East presence (Gateway Group).

Infrastructure is compounding the pull

Beyond finance, the UAE’s infrastructure build-out is reinforcing the wealth-hub thesis. Etihad Rail’s Abu Dhabi–Fujairah passenger service and the Madinat Zayed and Liwa station openings, arriving ahead of schedule, signal a state execution model that investors increasingly cite as a differentiator versus regional peers (GCC Business Watch). Dubai has also rolled out a AED 1 billion economic support package aimed at business liquidity and resilience amid regional geopolitical headwinds (GCC Business Watch).

The regional competition for capital

Dubai’s rise is happening alongside — not in isolation from — a broader Gulf capital race. Saudi Arabia’s economy is set for stronger growth per IMF assessments, and Gulf sovereign and corporate capital is increasingly being deployed across sectors from AI infrastructure to green growth commitments, meaning Dubai’s wealth-hub status will need continual reinforcement rather than passive maintenance (GCC Business Watch).

The bottom line for investors

For family offices weighing jurisdiction, Dubai’s pitch in 2026 combines three elements rarely available together: near-zero effective taxation, a non-oil economy growing faster than most G20 peers, and physical and financial infrastructure being built ahead of demand rather than in reaction to it. That combination — not simply low tax rates — is what is now pulling global family wealth toward the emirate.


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