Eurasian Economic Union

The Eurasian Union ( EAU acronym ) is an organization whose foundation is planned for 2015. Already active the Eurasian Economic Community. Vladimir Putin described the former as an intermediary between Europe and Asia.

Organization

The Eurasian Union will be built in the near future with the countries of Russia, Belarus, Armenia and Kazakhstan. It was founded on the model of the European Union. Tajikistan and Kyrgyzstan could follow as members.

In October 2011, the states of Russia, Armenia, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Ukraine and Belarus signed an agreement on the formation of a free trade zone.

The Eurasian Union or its predecessor, the Eurasian Economic Community Customs Union, has a joint Economic Commission based in Moscow, for the more than 1,000 employees work.

Ukraine

For a long time, Vladimir Putin tried unsuccessfully Ukraine considered in the planning for the Eurasian Union. In August 2013, the Ukraine applied for observer status in the Eurasian Union. Under Viktor Yanukovych, the Ukrainian government, however, had also set a goal to be signed in November 2013 an Association Agreement with the European Union, which was rated by observers as a definitive rejection of the Eurasian Union.

The planned association agreement has been suspended due to political differences between Ukraine and the European Union and the influence of Russia in November 2013. The government also announced plans to intensify economic cooperation with the Commonwealth of Independent States. This announcement led to riots in Kiev (see Euromaidan ) and finally to the overthrow of President Yanukovych and his government.

Armenia and Nagorno Karabakh

In September 2013 Armenia announced to join the Customs Union of Belarus, Kazakhstan and Russia. Experts estimate that a de facto accession of Armenia and the internationally unrecognized republic of Nagorno-Karabakh would be integrated.

Objectives

The objectives of the Eurasian Union include:

  • Free movement of persons and goods ( scheduled for 2015 )
  • Capital flow and exchange of services
  • Monetary Union ( probably from 2022 )
Eurasianism
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