25/10/2014 4:37
RIA Novosti

Business

Closure of Eurasian Economic Community Must Be Gradual – Putin

Topic: Customs Union of Russia, Belarus and Kazakhstan

Russian President Vladimir Putin
20:10 24/10/2013
Tags: Customs Union, EurAsEC, Vladimir Putin, Ukraine, Moldova, Armenia, Tajikistan, Kyrgyzstan, Kazakhstan, Belarus, Russia

MINSK, October 24 (RIA Novosti) – Russian President Vladimir Putin voiced support Thursday for his Kazakh counterpart’s proposal to dissolve the Eurasian Economic Community (EurAsEC), but said such a move should be gradual and well thought over.

Kazakh President Nursultan Nazarbayev proposed on Thursday to dissolve the EurAsEC and focus on the expansion of the mooted Eurasian Economic Union, which will be based on the Customs Union that currently comprises Russia, Kazakhstan and Belarus.

“We cannot simply eliminate [EurAsEC], otherwise we will disrupt the legal basis of the Customs Union,” Putin said. “But we have to do something with it.”

Nazarbayev said earlier in the day that the closure of the EurAsEC was necessary to avoid redundancy because its functions were similar to the planned Eurasian Economic Union. He proposed focusing on the expansion of the Customs Union.

Commenting on Nazarbayev’s statement, Putin said “we need to think this over and find a decision that will not burden us with excessive structures.”

According to Nazarbayev, Kyrgyzstan and Tajikistan could be granted observer status in the Customs Union, while Armenia and Turkey would get the full membership.

“The president of Turkey approached me with a request to join our Customs Union,” Nazarbayev said at a session of the Supreme Eurasian Economic Council in Minsk. “Let us accept Turkey as well.”

EurAsEC’s full-fledged members are currently Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan. Armenia, Moldova and Ukraine have observer status.

In 2011, the Russian, Belarusian and Kazakh presidents signed a declaration on Eurasian economic integration, a roadmap of integration processes aimed at creating the Eurasian Economic Union, to be based on the Customs Union and common economic space between the three countries.

Russia’s president at the time, Dmitry Medvedev, said Moscow expected the Eurasian Economic Union to be up and running by 2015.

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiRussian President Vladimir PutinClosure of Eurasian Economic Community Must Be Gradual – Putin

20:10 24/10/2013 Russian President Vladimir Putin voiced support Thursday for his Kazakh counterpart’s proposal to dissolve the Eurasian Economic Community (EurAsEC), but said such a move should be gradual and well thought over.>>

Send by e-mail

All fields are required!




Leave a comment

    Рейтинг@Mail.ru
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18