MOSCOW (AP) — The Eurasian Economic Union, a trade bloc of former Soviet states, expanded to four nations Friday when Armenia formally joined, a day after the union between Russia, Belarus and Kazakhstan began. The Russian-dominated bloc has been politically controversial and its early days are being overshadowed by the sharp deterioration of Russia’s economy in recent months.
A look at the bloc, its implications and its prospects:
WHY CREATE A UNION?
The union aims to create a single integrated market for the free movement of goods and services over a total population of more than 180 million people, something like the 28-nation …read more
Source: KXAN
