Putin declares the Custom Union a new geopolitical reality in the CIS region

Speaking at a May session of the Supreme Council of the Custom Union (CU), Russian Prime Minister Vladimir Putin noted that the CU, formed by Russia, Belarus and Kazakhstan, has become a new geopolitical reality and the centripetal force of integration in the CIS. “We are satisfied with the rates of our joint efforts on the CU creation. The formulation of the legal base of the common economic space will require compromises from all the CU participants and accelerated working rate regime. “We still have 18 agreements to adopt before July 1, when the CU will come into force. Of these, only eight have been approved.”