Pakistan says preemptive strikes thwarted planned militant attacks from Afghanistan    Egypt courts Indian green energy investment in talks with Ocior Energy    Egypt raises fuel prices, imposes one-year freeze amid cost pressures    Egypt, India hold first strategic dialogue to deepen ties    Egypt: Guardian of Heritage, Waiting for the World's Conscience    Egypt, Qatar sign MoU to boost cooperation in healthcare, food safety    EGX ends week mostly higher on Oct. 16    Egyptian Amateur Open golf tournament relaunches after 15-year hiatus    Egypt, UK, Palestine explore financing options for Gaza reconstruction ahead of Cairo conference    Egypt will never relinquish historical Nile water rights, PM says    Egypt explores cooperation with Chinese firms to advance robotic surgery    Fragile Gaza ceasefire tested as humanitarian crisis deepens    Avrio Gold to launch new jewellery, bullion factory in early 2026    AUC makes history as 1st global host of IMMAA 2025    CBE, China's National Financial Regulatory sign MoU to strengthen joint cooperation    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Cabinet hails Sharm El-Sheikh peace summit as turning point for Middle East peace    Gaza's fragile ceasefire tested as aid, reconstruction struggle to gain ground    Egypt's human rights committee reviews national strategy, UNHRC membership bid    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Russia, 4-ex-Soviet nations finalize new alliance
Published in Ahram Online on 23 - 12 - 2014

Russia and four other ex-Soviet nations on Tuesday completed the creation of a new economic alliance intended to bolster their integration, but the ambitious grouping immediately showed signs of fracture as the leader of Belarus sharply criticized Moscow.
The Eurasian Economic Union, which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, comes to existence on Jan. 1. In addition to free trade, it's to coordinate the members' financial systems and regulate their industrial and agricultural policies along with labor markets and transportation networks.
Russia had tried to encourage Ukraine to join, but its former pro-Moscow president was ousted in February following months of protests. Russia then annexed Ukraine's Black Sea Crimean Peninsula, and a pro-Russia mutiny has engulfed eastern Ukraine.
Russian President Vladimir Putin said that the new union will have a combined economic output of $4.5 trillion and bring together 170 million people.
"The Eurasian integration is based on mutual benefit and taking into account mutual interests," he said after the talks.
But Belarus' President Alexander Lukashenko cracked the ceremonial veneer of the meeting by launching a harsh attack on Moscow for damaging Belarus' economic interests with moves to restrict its exports to Russia.
Belarus, sandwiched between Russia and European Union members Poland and Lithuania, has profited handsomely from Moscow's ban on imports of EU food in retaliation to Western sanctions against Russia by boosting imports of food from the EU nations and reselling it to Russia.
The Russian authorities have retaliated by halting imports of Belarus' own milk and meat, citing alleged sanitary reasons, and banning transit of Belarusian food bound for Kazakhstan through its territory on suspicion that much of it ended up in Russia.
"In violation of all international norms, we have faced a ban on transit," Lukashenko said. "It was done in a unilateral way and without any consultations."
http://english.ahram.org.eg/News/118687.aspx


Clic here to read the story from its source.