Neil Buckley
Financial Times
Aug 17, 2011
Twenty years after the Soviet Union collapsed, Vladimir Putin, the Russian prime minister, may not, as is sometimes alleged, be trying to recreate it. But he is pursuing a different project – to build a “quasi-European Union” out of former Soviet states.
A customs union he launched a year ago between Russia, Belarus and Kazakhstan has already removed tariffs and customs controls along the three states’ internal borders.
Come January this is due to expand into a “common economic space”, ensuring free movement of goods, services and capital across a single market of 165m people – 60 per cent of the former Soviet population.
At a Moscow summit this month, prime ministers of the three states set an even more ambitious target – turning the grouping into a “Eurasian economic union” by 2013. There is even talk, down the line, of a common currency.
4 Responses to “Putin sets sights on Eurasian economic union”
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Quantummonkeybutt Reply:
August 17th, 2011 at 5:49 am
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Yeah, I could see that working, especially with the wealth of oil and natural gas that Russia has. I’m sure their plan is better then the Euro plan nonsense anyway.
I’d rather Putin set his sights on Uranus.