Bloomberg News

Putin Seeks to Form Eurasian Union, Expanding on Economic Pact

October 04, 2011

Oct. 4 (Bloomberg) -- Russia’s Prime Minister Vladimir Putin wants to form a Eurasian Union and is inviting other ex- Soviet republics to join the economic union of Russia, Kazakhstan and Belarus.

In an article in Izvestia distributed by his press office, Putin wrote that the common economic space being formed by Russia, Kazakhstan and Belarus on Jan. 1 will unite 165 million customers.

While it “would be naive to try to restore the USSR,” economic integration based on trade liberalization is important, Putin wrote in the article. The Eurasian Union would pursue economic integration with the European Union, he said.

--Editors: Alan Purkiss, Chris Peterson

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net


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