MOSCOW — The Russian Government has approved the Agreement on Armenia’s accession to the Eurasian Economic Union (EEU). The decision was made at the cabinet meeting on November 20. The document will now be forwarded to the President of Russia, Vladimir Putin. He will consider the agreement and submit it for ratification.

The Agreement will ensure Armenia’s participation in the Eurasian Economic Union from January 2, 2015 and will allow to start the process of curtailing or eliminating the restrictions and barriers to the mutual access to the markets of the member states.

It will serve as a basis for the further development of trade-economic relations and will raise the competitiveness of national producers and strengthen the positions of the EEU member states on the international market.

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