Kazakhstan and the Eurasian Economic Union
Since its early days, the Republic of Kazakhstan has been participating in all forms of Eurasian integration, yet in the last decade its integration policy has undergone significant changes. This article examines the evolution of Kazakhstan’s foreign policy with regard to Eurasian integration. To disclose the reasons for it, the present study uses the foreign policy model of a rising power within the framework of an international institution. The results of the analysis make it possible to say that since 2009 Kazakhstan has made a transition from the strategy of investing into the development of Eurasian integration institutions to a strategy of extorting (hold-up) political and economic concessions. This transition was driven by the change in the balance of external opportunities for Kazakhstan—from unfavorable at the beginning of the integration process to favorable after 2014.