Monday, May 24, 2010

Customs Union Stalled

Russia, Belarus, and Kazakhstan failed to reach an agreement on key issues that need to be resolved in order to finalize the formation of their Customs Union. The main controversy is related to customs duties charged by Russia on oil and oil products exported to Belarus. As a result, the Customs Union will not operate from 1 July 2010 as earlier announced. The free movement of goods has been postponed sine die.

http://lenta.ru/news/2010/05/24/nodeal/

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