The Eurasian
Economic Union, which includes Russia ,
Belarus , Kazakhstan , Armenia
and Kyrgyzstan ,
comes to existence on Jan. 1. In addition to free trade, it's to coordinate the
members' financial systems and regulate their industrial and agricultural
policies along with labor markets and transportation networks.
Russian President
Vladimir Putin said that the new union will have a combined economic output of
$4.5 trillion and bring together 170 million people.
"The Eurasian
integration is based on mutual benefit and taking into account mutual
interests," he said after the talks.
But Belarus ' President Alexander Lukashenko cracked
the ceremonial veneer of the meeting by launching a harsh attack on Moscow for damaging Belarus '
economic interests with moves to restrict its exports to Russia .
The Russian
authorities have retaliated by halting imports of Belarus' own milk and meat,
citing alleged sanitary reasons, and banning transit of Belarusian food bound
for Kazakhstan through its territory on suspicion that much of it ended up in
Russia.
"In violation
of all international norms, we have faced a ban on transit," Lukashenko
said. "It was done in a unilateral way and without any
consultations."
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