A huge new economic union will begin tomorrow. You might not have heard about it, though, because its biggest member — Russia — has been a little preoccupied with its own economy recently. The Eurasian Economic Union (EEA), which succeeds the Eurasian Economic Community and customs union, begins on Jan. 1, 2015. It’s made up of Russia, Belarus, and Kazakhstan. The bloc will be an EU-like single market, with its own commission, court and development bank. Russian President Vladimir Putin even wants it to have a parliament. But there’s absolutely no reason at all to think the union is going …read more
Source: Business Insider
