NYT: The Customs Union is a change in course in Moscow


Agreement on the Customs Union with Kazakhstan and Belarus, and the emphasis on the creation of a single economic space with these countries means a change of the economic policy of Russia in the former Soviet territory, writes today American weekly The New York Times.

Russia — concludes The New York Times — begins to move away from loans and direct fuel subsidies, emphasizing the more ambitious economic integration.

"This is a very useful paradigm shift in Russia's relations with the near abroad — the newspaper quoted Yaroslav Lissovolik, branch chief economist at Deutsche Bank in Moscow. — Previously, it was a street with traffic in One way, when handing out Russian economic gifts in return for political ".

According to the publication, a free trade agreement in the strategic plan to improve the economic prospects of the region in which "Russia

Russian agriculture may suffer from competition with the Belarusian

is the natural center of gravity. "

The New York Times said that in the short term, Russia's agriculture may suffer from competition with the Belarusian agriculture, and Russian steel mills — from competition with Kazakh stalelitseyshchykami. But in the long run openness to competition will allow Russia to get rid of their dependence on exports of natural resources and strengthen Moscow's role as a regional financial and business center.

Lissovolik also told the newspaper that the Russian banks are particularly interested in the privatization of the Belarusian economy, which is still working on the model of the Soviet era.

The newspaper said that Russia has a great power of attraction for other post-Soviet countries, if she really wants to build a single

Russian banks are particularly interested in the privatization of Belarusian Economy

economic space with Belarus and Kazakhstan, and will not only allow the free movement of goods, but also the free movement of capital and labor. This attractive force, according to The New York Times, Russia is a strong need for additional manpower. The population of Russia pamenshvaetstsa, and there are not enough workers. In connection with this publication reminds that the leaders of Tajikistan and Kyrgyzstan have expressed interest in joining the Customs Union the same day, when the leaders of Russia, Kazakhstan and Belarus signed in Astana on the entry into force of the Common Customs Code.

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