ONESTONE CONSULTING S.L.

Cement development in the Customs Union

The cement markets in the Customs Union, which is formed by Russia, Belarus and Kazakhstan show signs of deceleration, after some two-digit growth rates in the last few years.

1 Introduction

In May 2014 the Presidents of Russia, Belarus and Kazakhstan signed the Eurasian Economic Union treaty, which will come into effect in January 2015. The Customs Union, as the free trade zone is also referred to, will create a single economic market of 171 million people and a gross domestic product of 3 trillion US$. Citizens of the three countries will have the right to work freely throughout the member states. Beside this the troika of countries will cooperate in energy, industry, agriculture and transport.

Over the last three years trade within the customs union has increased...

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