The leaders of former Soviet republics making up a regional economic grouping, the Eurasian Economic Community (Eurasec) led by Russia, will on Monday meet in Moscow to discuss prospects of integration processes, the Kremlin reported.
“The meeting is very important for further Eurasian economic integration. The leaders of the member states are expected to make decisions specifying the outlines of future regional integration processes,” the Kremlin said.
The meeting of the Interstate Council of Eurasec will be attended by the presidents of Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan, as well as the leaders of Armenia, Moldova and Ukraine, which have the observer status in the organization.
Eurasec is also set to discuss its own development plans at the meeting, which will be the first in this format since the common economic space of Russia, Belarus and Kazakhstan was launched on January 1.
In November, the Russian, Belarusian and Kazakh presidents signed a declaration on Eurasian economic integration, a roadmap of integration processes aimed at creating the Eurasian Economic Union, which will be based on the Customs Union and common economic space between the three countries.
Russian President Dmitry Medvedev earlier said Russia expected the Eurasian Economic Union to be up and running by 2015.