By using this site, you agree to our Privacy Policy and our Terms of Use. Close

http://www.euronews.com/2014/05/29/russia-forms-epoch-making-trading-bloc-with-belarus-and-kazakhstan/

The Eurasian Economic Union – which follows years of tense and difficult negotiations – guarantees the free transit of goods, services, capital and workforces and coordinates policy for the members’ financial systems, but it stops short of introducing a single currency.

The treaty forging the Eurasian Economic Union will come into force in January once it has passed the formality of being approved by the three former Soviet republics’ parliaments.


////////////

Again good news for Russia.