Did you know there is a growing Eurasian Economic Union?
It is called the Russia, Belarus and Kazakhstan Eurasian Economic Union Treaty (EAU).
Perhaps it was intentional planning by the United Kingdom, United States, European Union, and NATO to assist Russia, BRICS, SCO, and the EAU in speeding up their military, trade partnerships and economic BLOC of monetary policy cohesiveness?
One wonders if the central planners were disappointed at the slowness of the developments with the so-called “emerging economies”?
Hmm, threats of economic sanctions and war certainly lit the fire for those emerging nations to move forward with new alliances and international agreements!
The Rumors are flying across the international borders as economic Sanctions against Russia is faltering among the headwinds of oppositions. ~Ron
SOCHI, August 11 (RIA Novosti) – Russia will allocate $500 million to speed up Kyrgyzstan’s integration into the Eurasian Economic Union, Russian Foreign Minister Sergei Lavrov said Monday.
“It will be Russia’s contribution into supporting the Kyrgyz economy so that it joined the Eurasian economic integration processes with maximum comfort,” Lavrov told journalists in Sochi following the results of the meeting between Russian President Vladimir Putin and his Kyrgyz counterpart Almazbek Atambayev.
Lavrov also stressed that the two countries had confirmed their plans in the sphere of military and technical cooperation within the framework of the Collective Security Treaty Organization.
Russia, Belarus and Kazakhstan signed the Eurasian Economic Union (EAU) Treaty on May 29, which is to enter into force on January 1. The creation of the Union paves the way for a new higher level of integration between the member countries of the Customs Union, which was formed by the three countries in 2010 and serves as the basis for the Eurasian Economic Union.
The EAU would create a single economic market of 170 million people, potentially a new powerful center of economic development.
Following the agreement between Russia, Belarus and Kazakhstan, the Kyrgyz president said that his country was planning to join the Eurasian Economic Union by the end of the year. Moscow and Bishkek have agreed to create a fund aimed at helping Kyrgyzstan integrate into the Customs Union, according to Atambayev. –en.ria.ru
Russia Sanctions Blowback: Finland’s Largest Dairy Lays Off 800, Spain Seeks EU Aid, Poland Complains To WTO
Well that didn’t take long. Mere day after Russia announced its ban on Western nation food imports, European countries are scrambling (as we explained why here). Greece has already expressed dismay, but now Spanish officials will meet with EU leaders to discuss offsetting the country’s estimated up to $800 million in food and agriculture losses due to sanctions. Poland is pissed and has complained to the WTO claiming “Russia has broken international law in both its embargo;” and Finland’s largest dairy producer has announced 800 layoffs due to the sanctions. When does Europe tell Washington – enough!
Spain demands aid… (despite Rajoy’s support for anti-Russia sanctions)
Spanish Agriculture Minister Isabel Garcia Tejerina said the restrictions have prompted her ministry to convene a meeting with the European Commission in Brussels on Thursday.
The Spanish government has estimated that agricultural losses will amount to €337 million, or about 1.8 percent of Spanish exports. Other groups, like Spain’s opposition Socialist Party, have estimated the losses to be higher- €581 million.
Last year, 37,000 tons of tomatoes, 35,000 tons of peaches, and 33,000 tons of mandarin oranges were exported from Spain to Russia, according to Spain’s Small Farmer’s Association (UPA).
“The decision that was adopted involves many political issues that exist between Russia and the European Union, and not just the EU. As a result, it may be necessary to compensate us for these political decisions – the producers who work all year and want to at least be paid enough at least to cover production costs,” Lorenzo Ramos, Secretary General of UPA, told RT.
The largest Finnish dairy producer Valio send a forced leave of the staff with factories working for export to Russia. This is stated in the message of concern.
Restructuring will affect Finnish enterprises’ Valio: Plant in Haapavesi ( cheese Oltermanni), Seinäjoki ( oil Valio), Vantaa ( cream cheese Viola) and warehouse in Lappeenranta. Concern revise employment contracts of all the employees of these companies. ” Some of the staff ( according to preliminary estimates, 800 people) can go on forced leave to fully clarify the situation, with a portion of employees will not be renewed temporary employment contracts, “- said in a statement.
Poland’s agriculture minister went on television to announce the country was taking action against Russia’s new import ban. “We believe Russia has broken international law in both its embargo against Poland and its embargo against the EU,” Marek Sawicki said.
Russia banned the import of Polish fruit and vegetables in early August – a move Sawicki said would cost Poland 0.6 percent of GDP.
“If a WTO member state believes another WTO member state has taken a measure that is not in conformity with WTO rules, the affected WTO member state may request mediation,” attorney and WTO expert Eric Pickett said.
And the Czechs are in for some EU assistance…
- *ZEMAN BACKS EU AID TO CZECH AGRICULTURAL COS. AFTER SANCTIONS
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S&P 500 nears all-time highs as US companies do not seem to suffer at all… We are sure Merkel is watching carefully.
EU and Russia to cancel sanctions against each other in maximum 3 months
14.08.2014 Source: english.pravda.ru
EU sanctions and Russia’s countermeasures will be lifted in maximum three months, experts of Denmark’s largest bank Danske said in their report devoted to consequences of the crisis in Ukraine for the European economy.
“The escalation of trade war is unbearable for both the European Union and Russia. Therefore, the EU will refuse from sanctions within one or two months, and Russia will cancel its sanctions too,” the report says, according to ITAR-TASS.
“The European Union and Russia will lose too much if they do not keep the two-way trade in energy outside the conflict. Therefore, the risk of disruption of short-term supplies is limited, and prices on oil and gas will not be subjected to strong pressure,” experts of Danske Bank say.
According to Danish bankers, “the whole Ukrainian crisis will not significantly affect the state of affairs in the European economy. The highest risk is the negative sentiment on the markets.
The most vulnerable of Nordic countries of Europe in this situation is Finland, the report says. Finland is tied to Russia in the field of trade, tourism and direct investment.
READ MORE: english.pravda.ru