It aims to involve in the ambitious project countries of the Eurasian Economic Union (EEU), Shanghai Cooperation Organization (SCO), and a number of countries of the Community of Independent States (CIS) and the Association of Southeast Asian Nations (ASEAN).

In December 2015 in his annual state of the union address to the Russian Federal Assembly, President Vladimir Putin announced the idea of a greater Eurasian partnership.

At the St. Petersburg International Economic Forum in June 2016, he again expounded on the partnership, which he said would be based on the principles of transparency and respect for each other's interests.

Indeed, the idea of creating a trade zone across Eurasia has been mentioned earlier in the form of economic community "from Lisbon to Vladivostok." However, if in 2010 the emphasis was made on cooperation with the European Union, now it has been shifted to China and other Asia-Pacific countries.