Lack of cooperation between the European Union and the Kremlin-dominated Eurasian Economic Union reflects a widening divergence in their political and economic objectives.
The new economic union between Russia, Kazakhstan, Armenia and Belarus has faced challenges in its first months. The economic sanctions against Russia and the fall of the rouble have undermined trade relations within the bloc. Talk about a single currency and free trade zone negotiations with other countries show activity at the regional and international level. It remains to be seen whether the recently established union has the means to become a new regional player.
The Eurasian Economic Union …read more
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