EMerging Equity
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Putin Pushes Ahead With Plan To Integrate CIS Currency Market
Russian President Vladimir Putin has moved one step closer to creating an integrated currency market in the Commonwealth of Independent States (CIS), which is a regional organization whose participating countries are former Soviet Republics, formed after the breakup of the Soviet Union. On Friday, Putin submitted a draft law, named “On Ratification of the Agreement on Cooperation in Organizing … Continue reading
Mark Mobius: Infrastructure in Emerging Markets
There has been a recent debate about whether the end of the commodities “supercycle” is over, and if we are entering a new era of lower prices for natural resources, particularly oil. While no one can predict exactly where prices are headed next, one thing I do know is that demand for natural resources has … Continue reading
India One Step Closer To Sign Free Trade Agreement With The Eurasian Economic Union
Earlier this year on March 1, EMerging Equity reported in details that India proposed creating a free trade zone with the Eurasian Economic Union (EEU). We are three months later in June and the EEU and India have started negotiations over the free trade zone agreement and signed a framework agreement at the International Economic Forum in St. … Continue reading
Russia And Egypt Conduct Joint Naval Drills In The Mediterranean Sea
Russian and Egyptian warship crews have started naval maneuvers within combined force teams and drilled an “encounter sea battle,” the Russian Defense Ministry reported on Thursday according to Tass. “On June 11, crews of Russian and Egyptian warships involved in the Bridge of Friendship-2015 naval exercise started to fulfill tasks at sea within combined tactical … Continue reading
Vietnam Signs Free Trade Deal With Russia-led EEU Economic Block
“The Eurasian Economic Union (EEU) and Vietnam signed a free trade zone agreement on Thursday. It became the first international document on creating a free trade zone between the EEU and a third party,” RT reports. “The deal to establish the Eurasian Economic Union (EEU) was signed by the presidents of Russia, Belarus and Kazakhstan … Continue reading
More De-Dollarization: Turkey Looks To Settle Payments With Russia In Local Currencies
Turkey’s Ministry of Economy is considering a move to settle payments with Russia by using local currencies for major investment deals, Russia’s TASS news agency reports. “We would like payments in rubles and lira to be introduced at least for the larger investment projects in Russia and Turkey,” Turkey’s Deputy Economy Minister Adnan Yyldyrm, said during a joint … Continue reading
Russia Interested In Integration Of Latin American Associations’ Into The Eurasian Economic Union (EEU)
Russia is interested in Latin American associations’ integration into the Eurasian Economic Union (EEU), Russian Foreign Minister Sergey Lavrov said on Wednesday, TASS news agency reports. “We welcome Columbia’s active role in promoting integration processes in the region, including in the framework of CELAC [Community of Latin American and Caribbean States], UNASUR [Union of South … Continue reading
In Eurasia, Devaluation Is First Line Of Defence
By Chris Weafer, Macro Advisory Russia is not the only economy suffering from the combination of the oil price collapse and sanctions; most of the countries in the Commonwealth of Independent States (CIS) are also feeling the pain. For some it is because they have also waited far too long to start diversifying away from … Continue reading
Putin Calls For Creation Of Eurasian Currency Union
Russian President Vladimir Putin is proposing the creation of a regional “Eurasian” currency union with Belarus and Kazakhstan, Russia’s main partners in the Eurasian Economic Union. Putin’s proposal was made during a meeting on Friday with the Belarussian and Kazakh presidents which highlighted the growing challenges that face the Russian-led Eurasian Economic Union amid the tumble in the price of … Continue reading
Russia Completely Ending Activities In Armed Forces In Europe Treaty
Moscow has announced on Tuesday that it is “completely” ending activities under the Treaty on Conventional Armed Forces in Europe (CFE), Russian news media outlets report, citing a statement posted on the Russian Foreign Ministry’s site. The suspension finalizes Moscow’s unilateral moratorium on the implementation of the CFE treaty declared in a decree that was issued by President Vladimir Putin … Continue reading
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