– Russia, Belarus, Kazakhstan sign ‘epoch’ Eurasian Economic Union (RT, May 29, 2014):
Russia, Belarus, and Kazakhstan signed the historic Eurasian Economic Union which will come into effect in January 2015. Cutting down trade barriers and comprising over 170 million people it will be the largest common market in the ex-Soviet sphere.
“The just-signed treaty is of epoch-making, historic importance,” Russian President Vladimir Putin said.
The troika of countries will cooperate in energy, industry, agriculture, and transport.
“In fact, we are shaping the largest common market in the CIS, with huge production, scientific and technological potential and enormous natural resources,” the President added.