Armenia Officially Joins Eurasian Economic Union

Heads of states of EEU member countries Armenia, Belarus, Kazakhstan, and Russia and prospective member Kyrgyzstan at an economic summit in Moscow


YEREVAN—Armenia officially joined the Eurasian Economic Union (EEU) on Friday, banding together with Russia, Kazakhstan and Belarus in a Moscow-led project.

As part of a deal signed last October, Armenia will have limited representation in the economic union until the end of 2015. Three Armenian members will share one vote in the union’s governing body, the Eurasian Economic Commission, TASS news agency reports.

Kyrgyzstan is also set to join the Union on May 1.

Armenia’s entry into the EEU means it will have to gradually transition to a unified tariff system with the Union’s other members, with 2022 set as the deadline for the full transition, TASS reports.

Representatives of Armenia were appointed to the Board of the Eurasian Economic Commission (EEC) and the Court of the Eurasian Economic Union (EEU). The resolution of the Supreme Eurasian Economic Council has been published on the EEC website, BelTA reports.

Robert Harutyunyan, Karine Minasyan and Ara Nranyan have become members of the EEC Board (ministerial rank) on behalf of Armenia. In connection with these appointments, the EEC has been allowed to set up three additional secretariats of the new members of the board. In addition, the number of the EEC departments has been increased from 8 to 11.

Armen Tumanyan and Erna Ayriyan have been appointed members of the EEU Court by another decision of the Supreme Eurasian Economic Council.

Armenia’s Vice Prime Minister and Minister of International Economic Integration and Reform Vache Gabrielyan has been nominated to the post of Member of the Council of the Eurasian Economic Commission.

Armenia became member of the Eurasian Economic Union on 2 January.

Authors

Discussion Policy

Comments are welcomed and encouraged. Though you are fully responsible for the content you post, comments that include profanity, personal attacks or other inappropriate material will not be permitted. Asbarez reserves the right to block users who violate any of our posting standards and policies.

11 Comments

  1. Armenian said:

    Look at Sergik. Doesn’t even pretend to do anything anymore. It’s obvious who the decision-makers are and it’s not us. I guess it’s true: a picture’s worth a thousand words.

    And now we drown ourselves for Russia’s interests.

    • Sarkis said:

      “Armenian”, do you also post under the name “Kevin Abrahamian” of Glendale, California and associated with the Greenpeace organization? Your comments and writing style remind me of Kevin.

      • Gurgen said:

        Armenian, Hratch and Vahagn, and several others are the same deeply troubled individual.

    • GeorgeMardig said:

      There are NO many interests that Armenia can belong, Russia’s interests or American interests,having in mind Russia’s closeness to Armenia, it makes more sence to belong to Russia’s interests.

  2. Hratch said:

    The new CCCP regional world order is finally here. An era of sanctions, embargoes, restrictions, isolation, monetary devaluations, corruption, violation of human rights, oligarchic dynasties and dark shadowy characters all the way from Minsk to Astana setting the agenda for all matters concerning the union. Yes indeed, the future looks brighter than ever for both Armenia and Artsakh. We are now officially part and parcel of the sick man of Eurasia.

    According to The Guardian newspaper, Putin’s plan is for the Eurasian Union to grow into a “powerful, supra-national union” of sovereign states like the European Union, uniting economies, legal systems, customs services, and military capabilities to form a bridge between Europe and Asia and rival the EU, the US, China, and India by 2015. Russian president Vladimir Putin has also upheld the idea of creating a parliament for the union. In 2015, the new court will replace the Court of the Eurasian Economic Community (EurAsEC Court). It will be in charge of dispute resolution and the interpretation of the legal order within the Eurasian Economic Union. Its headquarters will be in Minsk.

    Russian Prime Minister Dmitry Medvedev called for the introduction of a common currency for the Eurasian Economic Union. Leonid Slutsky, head of the State Duma’s CIS committee backed Medvedev’s proposal to start discussions on the creation of a monetary union. Slutsky said it could be introduced shortly after 2015, when the union’s structure becomes clear. Belarusian president, Alexander Lukashenko, circulated the idea of creating a “new euro” for the Eurasian economic bloc. In April 2014, discussions to introduce a single currency resumed. Russia’s First Deputy Prime Minister, Igor Shuvalov, stated on 24 July 2014 that the Eurasian Economic Union will have a common currency unit in a span of five to ten years.

    • Armenian said:

      Anyone who thinks statehood is a “nightmare” is a traitor. Shows how far your reasoning goes- “it doesn’t work, so let’s not rid Armenia of its shitty, mafioz leadership, let’s just cease to exist and give everything to Russia”.

  3. Hratch said:

    Relying on $50/barrel oil is a really good business plan. It must have been conceived at the Moscow Institute of Finance.

  4. Jove said:

    Thank God for the historic relations and military alliance with Russia. Without Russia in control of the Caucasus, the area will fall like a ripe plum onto the Turk azeri laps. Then all those merry Russophobes, traitors to Armenia, will struggle with magnifying glasses to find Armenia on the map. As for the Raffis, the insane rambler Parukyan, Levon petrosian and the whole gangland would jump into aero planes and fly to a well earned, though treachery, retirement into exile to the USA, the Eu, and in the case of Levon and the rambler Parukyan to Israel.

  5. Armenian said:

    The collective per-capita GDP of these five countries is still less than that of the per-capita GDP of Denmark.

    Economic prosperity ahoy!

*

Top