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Russia Establishes Common Economic Space with Two Neighbours

Russia, Kazakhstan and Belarus are ready to sign the preliminary contract to establish

Russia Establishes Common Economic Space with Two Neighbours

Russia, Kazakhstan and Belarus are ready to sign the preliminary contract to establish the Common Economic Space, a proposed trade bloc, the UPI news agency reports.

The three countries would sign the documents in the near future, Russian President Vladimir Putin said.

?As for our Ukrainian partners, we will be glad if they are ready to sign. But as far as we know from experts, our Ukrainian friends will attend the signing and are ready to sign several documents from the package, but not the entire package,? Putin said Tuesday at a news conference in Moscow.

The main principles of the Common Economic Space are the free movement of goods, services, capital and people. The ultimate goal is to abolish tariffs and harmonize markets in key areas such as transportation and energy.

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