Eurasian Economic Union became operational

      2015 saw the launch of the Eurasian Economic Union of Russia, Belaus, Kazakhstan and Armenia. Belarus is the first country to hold the chairmanship in the organization.
As stated by first secretary of the Russia Embassy in Belarus Aleksei Studniarski, the union will help achieve a new level of integration and closer economic cooperation:
        (Record)
     “These countries create a powerful center of economic development, a large regional market bringing together over 170 million people with a huge economic,
 scientific and technical potential and vast natural resources. The geographic location of the countries makes it possible to create logistic routes of regional and global importance.
As the agreement was signed, it was stated clearly that the Eurasian Economic Union will be based on universal and transparent WTO principles.”