Negotiations between Russia, Kazakhstan and Belarus are advancing over the creation of a Eurasian Union, which would abolish customs duties and unify economic policies amongst participating countries. In February a Eurasian Economic Commission was established, with the fully ratified economic union expected to enter into force by 2015. The lengthy process of legal codification and harmonisation is under way. The Russian Permanent Mission to the EU held an informal presentation on Thursday 5th July aimed at clarifying the details of the union and reassuring EU businesses, concerned that the new union could become a ‘Soviet empire through the backdoor’. Representatives from the Economic Commission did not respond to questions over whether the Eurasian Union could be used by the EU to put political pressure on its members, especially Belarus, considered to be the 'last dictatorship in Europe'. The common economic space will see EU-style reforms, such as subsidies and state support for agriculture and handling of monopolies.

Pray: for a Eurasian Economic Union to be built on fair, honest and just trading, with consideration for the poorer communities. (Lev.19:15)

More: http://www.euractiv.com/global-europe/russia-pushing-forward-eurasian-news-513780