Kyrgyzstan ratifies joining Russia-led trade bloc
May 21, 2015, 4:06 AM
BISHKEK, Kyrgyzstan (AP) — The Central Asian country of Kyrgyzstan has ratified a measure to join the Eurasian Economic Union, a Russia-led trade bloc.
President Almazbek Atambayev on Thursday signed the ratification law. The country’s entry must then be approved by the parliaments of the other members — Russia, Kazakhstan, Armenia and Belarus.
The union aims to create a single market for the free movement of goods and services over a total population of more than 180 million people, in a similar way as the 28-nation European Union.
Although it is nominally only a trade bloc, its economic heft could be used as a “soft power” political lever for Moscow.
Russia pushed hard for Ukraine to join the bloc, but opponents saw it as an attempt by Moscow to effectively reconstitute the Soviet Union. The issue was key to inciting protests that drove Ukraine’s president out of office in 2014.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.