Juncker offers Putin cooperation between EU and Eurasian Economic Union

By bne IntelliNews November 20, 2015

European Commission (EC) President Jean-Claude Juncker has sent a letter to Russian President Vladimir Putin offering cooperation between the European Union (EU) and the Russia-led Eurasian Economic Union (EAEU), an EC spokesperson told TASS on November 19.

In a first reaction, the Kremlin said the letter connects the cooperation with the implementation of the Minsk agreements on the peace process in Ukraine, which is "hardly possible".

The EC spokesperson told TASS: "Juncker sent a letter to President Putin after a short talk on Monday on the sidelines of the G20 summit." The letter "stresses Juncker's readiness to consider the possibility of cooperation with the EAEU according to established procedure via consultations with member-states and in case Minsk agreements are simultaneously implemented".

In mid-October, Russian Deputy Minister of Foreign Affairs Alexey Meshkov said the EAEU member-states, namely Chairman of the Eurasian Economic Commission (EEC) Collegium Viktor Khristenko, had sent a draft agreement on economic cooperation to President of the European Commission Jean-Claude Juncker.

The document concerns issues related with integration of the two entities. According to Meshkov, respective proposals were approved at the meeting of the heads of governments of the EAEU member-states on September 8.

Kremlin spokesman Dmitry Peskov said the letter links possible cooperation between the EU and the Eurasian Economic Union to the implementation of the Minsk agreements. This link is hardly possible, Peskov said, cited by Interfax.

"Some linkage with the implementation of the Minsk agreements, particularly in the current conditions, when we see that Kyiv is again not ready to implement these agreements, particularly in the way it was agreed at the recent Normandy format [meeting] in Paris, such a linkage is hardly actual and is hardly possible," the press secretary said.

However, Peskov noted that the idea of the dialogue between the EU and the Eurasian Economic Union was a long-standing one.

"This is what the Russian side is promoting, because this is needed for establishing our trade and economic relations," he said.

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Russia’s biggest bank fraud lands ex-CEO in jail for nine years

The former CEO of Russia’s Vneshprombank Larisa Markus has been sentenced to nine years in jail by a Moscow court for extracting about RUB113.5bn (EUR1.83bn), in what has become the ... more

Moody’s upgrades outlook on Moscow-based International Investment Bank (IIB) to positive

Moody’s Investors Service upgraded the outlook on the Baa1 issuer and debt rating of the International Investment Bank (IIB) from stable to positive, the bank said in a press-release on May 10. ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss