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From
RT:
“It’s
time to think about the prospects of creating a currency union
between Russia, Belarus and Kazakhstan, President Vladimir Putin has
said. [...] It’s easier to protect the common financial market when
working shoulder to shoulder, Putin added.”
“At the
Friday meeting in Astana the heads of Russia, Belarus and Kazakhstan
– all member states of the Eurasian Economic Union - are discussing
a joint game plan to tackle the global economic slowdown and
challenges in the energy market that has seen Brent benchmark
plunging to about $54 per barrel as of March 20 from its peak of $115
per barrel last June. The EEU countries can gradually integrate in
the currency union, Aleksey Likhachev, Russian deputy minister of
economic development, commented.”
“Despite
a wide range of benefits, trade within the EEU may be followed by
certain risks, Likhachev believes. One of the main risks is that the
absence of borders and the common market for service make trade
extremely dependent on fluctuations in currency exchange rates, he
said.”
Putin's
suggestion may be only an action of defence against the expansion of
the European neoliberal economic empire (ENEE) through the euro
currency. Putin is trying to restrain the Western economic aggression
to the east.
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