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Russia is first to have ratified Eurasian Economic Union treaty

ALEXANDROVA Lyudmila

The trilateral treaty on Eurasian Economic Union will be ratified by all signatories in the near future, although Belarus still has some objections

MOSCOW, October 6. /TASS/. The trilateral treaty concluded by Russia, Belarus and Kazakhstan late last spring to establish a Eurasian Economic Union will be ratified by all signatories in the near future, although Belarus still has some objections regarding the taxes on the export of oil products, Russian experts believe. They are certain that Minsk and Moscow will settle their problems, precisely the way they did on many occasions in the past.

Russia is the first of the three countries to have finally ratified the treaty with Belarus and Kazakhstan to establish the EEU, which is expected to bring about a common market for the three member-countries. Russian President Vladimir Putin on Friday signed a law on the ratification of the treaty, concluded in Astana on May 29. The document envisages creation in ten years’ time of a new association under common economic control - the next phase after the Customs Union and the Common Economic Space.

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Putin signs law on ratification of Eurasian Economic Union treaty

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