Support The Moscow Times!

Putin: Eurasian Economic Union by 2013

The Eurasian Economic Union — a new stage of integration of Russia, Belarus and Kazakhstan — will be effective as early as 2013, Prime Minister Vladimir Putin said Tuesday.

"We are hoping to sign as early as next year a declaration about the formation of the Eurasian Economic Union, which can and must start operating as early as 2013," Putin told journalists on the sidelines of the Customs Union Business Forum.

The creation of more favorable economic conditions in Belarus and Kazakhstan could lead to Russian firms wanting to move their headquarters to these countries, Putin said.

"I do not rule out that we will face a real threat that some companies will be re-registered in Belarus or Kazakhstan. We are perfectly aware of that," Putin said.

The Russian government will therefore try to create competitive conditions to attract business to Russia, he said.

This will already be the fourth stage of integration of Russia, Belarus and Kazakhstan, the prime minister said.

"We have every reason to believe that the Eurasian Economic Union will start working in 2013," he said.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.