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Armenia Joins Russian-Backed Customs Union

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  • Armenia Joins Russian-Backed Customs Union

    ARMENIA JOINS RUSSIAN-BACKED CUSTOMS UNION

    Europe Online Magazine
    Sept 3 2013

    Europe
    By our dpa-correspondent and Europe Online

    Moscow (dpa) - Armenia has joined a Russian-dominated customs union,
    joining fellow former Soviet republics Kazakhstan and Belarus as
    members, reported Armenian President Serzh Sargsyan along with Russian
    President Vladimir Putin after a meeting Tuesday.

    Putin told the Itar-Tass news agency that he expected a "strong
    impulse for mutually valuable economic development" now that the
    southern Caucasus nation has joined.

    Armenia is also apparently interested in helping set up a Eurasian
    economic union. Putin would see such a group as a link between the
    European Union and the Pacific region.

    Russia maintains thousands of troops in Armenia. Armenia is also
    economically dependent upon Russia, which is home to a million-strong
    Armenian diaspora.

    The three-member customs union was founded in 2010 as a counterweight
    to the EU. Putin hopes to use economic pressure to get Ukraine to also
    become a member, even though that country is seeking an association
    agreement with the EU.

    http://en.europeonline-magazine.eu/armenia-joins-russian-backed-customs-union_295439.html

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