The Eurasian Economic Union is headed for a rough start.
Officials from members of the economic alliance, which was modeled on the European Union and officially comes into effect January 1, met Tuesday in Moscow under the pain of Russia’s collapsing economy and the absence of Ukraine.
Western sanctions over Ukraine and a drop in the price of oil are pushing Russia’s economy into a recession that is also hurting its neighbors in the trade group.
But speaking after a meeting of the Supreme Eurasian Economic Council, Russia’s President Vladimir Putin voiced optimism that the trade bloc was making headway for its members.
Putin …read more
Source: Voice of America
