| Summary: | As the title implies the article deals the analysis of the Eurasian Economic Union functioning as a system. It is analysed the role of the EAEU institutions as well as areas of interaction. It is revealed the limits of authorities of theUnion. It is identified EAEU multi-level governance at vertical (multiple levels) and at horizontal level (multiple actors). One of the key issues of this paper is to identify levels of competencies and accountabilities shared between EAEU institutions and nation states. It is demonstrated that intergovernmental, supranational and nation states decision-making processes applied within EAEU is effective. It is stressed that EAEU multi-level governance is very balanced and efficient. It is highlighted a role of EAEU common policies. It is emphasised that nation states are primary actors in Eurasian integration process. It is demonstrated an economic growth, deepening of Eurasian integration and its further development. It is underlined Union´s external relations, the effect of the EAEU policies and the role of the EAEU at a global level.
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