Eurasian Economic Union: Minsk worried about foggy future of economic union with Russia

12:44 Oct. 28, 2016

Minsk worried about foggy future of economic union with Russia

Eurasian Economic Union Summit In Kazakhstan, May 31, 2016 (GettyImages Photo)

‘Critical mass of issues makes Belarus cautious about CIS and Eurasia Economic Union', President Lukashenko says. 

Belarus is worried about the perspectives of the economic partnership with Russia, known as the Eurasian economic Union which also includes several other post-Soviet states, namely Armenia, Kazakhstan and Kyrgyzstan.

Read also: Russia and Belarus go to court over gas debt dispute

In a statement, delivered on Friday, Belarusian President Lukashenko said the countries are unsatisfied with the tempo and the results of the cooperation, Russian news agencies say. 

‘We are hearing worrying signals coming from the business. The critical mass of the issues makes us in Belarus worried about the perspectives of not only the CIS, but also the Eurasian Economic Union', Lukashenko said at the meeting with the representatives of the organizations.

Read also: Putin pushes for monetary union between Moscow, Minsk and Astana

The President emphasized the fact that the members must ‘increase the effectiveness of the potential of the integration', expressing confidence that a solution will be found eventually.

‘We often mill around for too long. As an example, the removal of barriers and restrictions in trade, which we have several hundreds of', he stated, after saying that the Union emerged as a form of a deeper integration, where the sides are supposed to respect the interests of their partners.

The Eurasian Economic Union was created on January 1, 2015. 

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