Eurasian economic union project to be settled by the end of May

On May 29 the Supreme Eurasian Economic Council  will consider the draft

contract on the Eurasian Economic Union. This was said today by

deputy prime minister Igor Shuvalov at a meeting with Dmitry Medvedev.

 

Shuvalov stressed that the first and most important set of questions is

about the current Customs Union. This is a huge set of laws and

normative documents. "All the divergences should be removed by May

2014," Shuvalov said, adding that this is difficult work both on the

national and intergovernmental level.

 

A special section will address how membership in the new

integrational organization can be obtained.

 

At the moment, the unified economic space has three members - Russia,

Kazakhstan and Belarus. Kyrgystan also wants to join it. "The contract

provides for different stages and options for those who would like to

join our integrational union," ITAR-TASS cites Shuvalov.

 

Ukraine is one of the potential members.  Kiev is interested in

cooperation with the Customs Union in a 3+1 format.

 

However, Dmitry Medvedev stressed that Ukrainian participation in the

project in the 3+1 format is impossible. He said that Ukraine should

either ratify all the agreements of the organization, or can only have

observer status.

 

When the content of the document about the creation of the Eurasian

economic union will be presented to the heads of state, the difficult

work will move to the level of national governments.

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