OCT. 3 2014 (The Conway Bulletin) – Armenia’s government approved a draft treaty for joining the Russia-led Eurasian Economic Union, media reported.
The treaty should be signed by Russia, Kazakhstan and Belarus at the end of summit this week in Minsk, paving the way for Armenia to join the group by the end of the year.
This is a critical moment in modern Armenian history. Armenia has been pulling away from the EU. By making the final jump into the Eurasian Economic Union, or Customs Union as it is currently known, Armenia will be confirming its pro-Russia allegiance.
The Eurasian Economic Union is mainly an economic union although it brings with it a more pro-Russia general alliance. And with Russia’s involvement in Ukraine that is, currently, a controversial stance.
But Armenia sees itself as having few options. It is surrounded by enemies and needs Russian support to bolster both its economy and military.
Leonid Slutsky, the chairman of the Russian parliament’s committee on Eurasian integration, was candid in on the merits of an enlarged Eurasian Economic Union.
“The Eurasian Economic Union will be a powerful regional economic union, which will inevitably expand,” he said according to the ITAR-Tass news agency. “Apart from completely new regional economic architecture, the EEU will certainly become a powerful barrier on the way of those who are today trying to build unipolar world.”
ENDS
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(News report from Issue No. 203, published on Oct. 8 2014)