- Jun 14, 2017
Like the British "Commonwealth" and the French "Community"- it is the ghost of a vanished Empire siting crowned upon it's grave, to paraphrase Hobbes.What does this paragraph describe?:
'[It] introduces the free movement of goods, capital, services and people and provides for common policies in macroeconomic sphere, transport, industry and agriculture, energy, foreign trade and investment, customs, technical regulation, competition and antitrust regulation.
Provisions for a single currency and greater integration are envisioned in future. The union operates through supranational and intergovernmental institutions.
The ... "Supreme Body" of the Union, consisting of the Heads of the Member States. The second level of intergovernmental institutions is represented by the ... Intergovernmental Council (consisting of the Prime Ministers of member states).
The day-to-day work ... is done through the Eurasian Economic Commission (the executive body), which is a supranational body similar to European Commission.
There is also a judicial body .... .'
This is a paragraph describing the EAEU, the Eurasian Economic Union, comprising of most of the countries of the old Soviet Union, without Ukraine and the Baltic States. There is a definite resemblance to the EU, in fact it is a carbon copy, though economically much smaller.
This may be another version of Putin's Soviet Union Lite, but it does show the the basic ideas of Economic Unions are "a good idea". In fact, without a globalised world with an expanding need for energy, it is hard to see what possible useful role Russia could play. The suspicion is that Russia sees the EAEU as a new geopolitical sphere to expand into or consolidate. And it does show that making Putin head of the world's Anti-Globalisation forces is a complete nonsense.
Putin has even talked about a future EU-EAEU linkup of some sorts, but it is also clear he sees the EU as a geopolitical rival to his ambitions, and will weaken it as much as possible. Ukraine spuring the union of oligarchs and kelptocrats in favour of the democratic EU was an unforgivable insult.
After Brexit, will Prime Minister Boris Johnson be flying to Moscow for a "free trade deal" with Putin's EAEU? You bet. But let us hear no more about regulated (or "free") multilateral trade being somehow outmoded, with a preference for protectionism . That is turning the clock back to the 1930s, and even the ones already politically back in the 1930s do not want that.