Russia forms 'epoch-making' trading bloc with Belarus and Kazakhstan
- 10 years ago
The presidents of Russia, Belarus and Kazakhstan have signed a deal to create a vast trading bloc, hoping that it will challenge the economic might of rival economic zones such as the US, the EU and China.
Russian President Vladimir Putin hailed its “epoch-making significance” as the trio met for the signing of the treaty in the Kazakh capital, Astana.
He has also said that the formation of the bloc did not mean that Russia was trying to rebuild the Soviet Union.
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.
Russian President Vladimir Putin hailed its “epoch-making significance” as the trio met for the signing of the treaty in the Kazakh capital, Astana.
He has also said that the formation of the bloc did not mean that Russia was trying to rebuild the Soviet Union.
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.