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Caucasus/Russia/Central Asia |
Putin calls for a single currency with ex-Soviet allies |
2015-03-21 |
[ARABNEWS] Russian President ![]() on Friday called for a single currency with the Kremlin's closest ex-Soviet allies despite fraying ties in the region which is struggling with the fallout from Moscow's economic crisis. They could call it the "rubble." Putin urged closer integration for his flagship Eurasian Economic Union -- which also includes Belarus, Kazakhstan and Armenia -- as Moscow scrambles to limit the damage from Western sanctions over Ukraine and tumbling oil prices. "We think the time has come to discuss opportunities to form a potential currency union," Putin said at a meeting with his Kazakh and Belarusian counterparts in Kazakhtan's capital Astana. "Working shoulder to shoulder, it is easier to react to external financial and economic threats, and protect our common market." Political and economic ties between Moscow and the bloc's two other founding members, Belarus and energy-rich Kazakhstan, have been strained by the recent economic woes and jitters over Russia's alleged military involvement in Ukraine. "Major trials have befallen our union," said Kazakh President Nursultan Nazarbayev ...has served as the President of Kazakhstan since the Fall of the Soviet Union and the nation's independence in 1991. Contrary to commonly held belief, there is a difference between Kazakhs and Cossacks: Kazakhs have mustaches. Or maybe it's the other way around... at the outset of the summit, while arguing for deeper cooperation. |
Posted by:Fred |
#5 One Currency to rule them all and in the darkness bind them |
Posted by: OldSpook 2015-03-21 11:55 |
#4 They'll get one currency one way or another... |
Posted by: Rob Crawford 2015-03-21 08:51 |
#3 One more turn of the screw. You know, dlr, it DOES work great for the EU. You just have to define your terms properly. The elite gets richer and richer and the productive are f***** over. Works great for some. |
Posted by: AlanC 2015-03-21 08:44 |
#2 Reassembling the Soviet Union, one step at a time. |
Posted by: OldSpook 2015-03-21 02:15 |
#1 Ah, yes, a currency union. Cause it worked so great for the EU. |
Posted by: dlr 2015-03-21 00:47 |