Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Vietnam to Sign Free Trade Deal With Russia-Led Trade Bloc Next Week – Medvedev

The planned signing, which follows a visit by Medvedev to Vietnam last month, comes as Russia seeks to boost economic ties with Asia.

Vietnam will next week sign a free trade agreement with the Russia-led Eurasian Economic Union (EEU), a club of five former Soviet states, Russian Prime Minister Dmitry Medvedev said Thursday.

The planned signing, which follows a visit by Medvedev to Vietnam last month, comes as Russia seeks to boost economic ties with Asia to offset a rupture in relations with the West over the Ukraine crisis.

"This is our first preferential agreement with a country from the Asia-Pacific Region [where] trade duties will be either lowered or abolished on a significant number of goods," news agency TASS quoted Medvedev as saying at a meeting of the government.  

He said the deal would be signed at an upcoming gathering of the union's Intergovernmental Economic Commission in Kazakhstan, which according to the EEU's website is planned on May 29.

The EEU unites Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, which joined the bloc this month, into a free trade zone with a combined population of some 180 million and economic output of $2.4 trillion in 2013, according to World Bank data.

Russia lobbied hard to create the union, which has been seen as a way for Moscow to cement its influence among ex-Soviet states, some of which have sought closer ties with other major economies such as the European Union and China.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more