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World Press On Armenian-Russian Relations And Eurasian Economic Unio

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  • World Press On Armenian-Russian Relations And Eurasian Economic Unio

    WORLD PRESS ON ARMENIAN-RUSSIAN RELATIONS AND EURASIAN ECONOMIC UNION (DECEMBER 9-10, 2014)

    Vestnik Kavkaza, Russia
    Dec 10 2014

    10 December 2014 - 8:09pm

    World press on the Armenian-Russian relations and the Eurasian Economic
    Union (December 10, 2014) Russia's lower house of Parliament voted
    unanimously on Wednesday to approve a treaty allowing Armenia to join
    the Eurasian Economic Union.

    "Armenia Wins Backing to Join Trade Bloc Championed by Putin" reads
    the title of the article by David Hershenzon published by the New
    York Times.

    Describing the Eurasian Economic Union the article says: "Tensions
    have emerged in recent months, however, as Russia has come under
    economic pressure as a result of sanctions imposed by the West over the
    Kremlin's intervention in Ukraine. Russia's mounting economic worries,
    including a steep decline in the ruble and a simultaneous slide in
    global oil prices, have weighed on its closest trading partners,
    particularly Belarus".

    "Armenia, like Ukraine, had been working toward closer political and
    economic relations with the European Union, including steps toward
    a new free-trade accord. That all changed abruptly in September 2013
    as Russia stepped up efforts to thwart a European Union program aimed
    at strengthening ties with former Soviet republics. After a meeting
    in Moscow that September with Mr. Putin, the Armenian president,
    Serzh Sargsyan, announced that he was abandoning the European talks
    and that his country would join Russia's economic bloc instead",
    reads the article.

    "His decision set off some protests in Yerevan, the Armenian capital,
    but the country ultimately had little choice as it is heavily dependent
    on Russia for economic and security assistance. The value to Armenia
    of joining the trade bloc has been questioned, in part because the
    country shares no common border with any of the other member countries.

    The European Union has been Armenia's main trading partner. Its economy
    is severely hamstrung because borders with two of its neighbors, Turkey
    and Azerbaijan, are sealed as a result of longstanding conflicts,
    " writes the New York Times.

    Russia's lower house of Parliament voted unanimously on Wednesday to
    approve a treaty allowing Armenia to join the Eurasian Economic Union.

    "Armenia Wins Backing to Join Trade Bloc Championed by Putin" reads
    the title of the article by David Hershenzon published by the New
    York Times.

    Describing the Eurasian Economic Union the article says: "Tensions
    have emerged in recent months, however, as Russia has come under
    economic pressure as a result of sanctions imposed by the West over the
    Kremlin's intervention in Ukraine. Russia's mounting economic worries,
    including a steep decline in the ruble and a simultaneous slide in
    global oil prices, have weighed on its closest trading partners,
    particularly Belarus".

    "Armenia, like Ukraine, had been working toward closer political and
    economic relations with the European Union, including steps toward
    a new free-trade accord. That all changed abruptly in September 2013
    as Russia stepped up efforts to thwart a European Union program aimed
    at strengthening ties with former Soviet republics. After a meeting
    in Moscow that September with Mr. Putin, the Armenian president,
    Serzh Sargsyan, announced that he was abandoning the European talks
    and that his country would join Russia's economic bloc instead",
    reads the article.

    "His decision set off some protests in Yerevan, the Armenian capital,
    but the country ultimately had little choice as it is heavily dependent
    on Russia for economic and security assistance. The value to Armenia of
    joining the trade bloc has been questioned, in part because the country
    shares no common border with any of the other member countries. The
    European Union has been Armenia's main trading partner.

    Its economy is severely hamstrung because borders with two of
    its neighbors, Turkey and Azerbaijan, are sealed as a result of
    longstanding conflicts, " writes the New York Times.

    http://vestnikkavkaza.net/world-press-review/politics/63177.html

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