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Agreement on termination of EurAsEC activities submitted to State Duma for ratification

December 23, 2014

Vladimir Putin submitted to the State Duma for ratification the Agreement on termination of activities of the Eurasian Economic Community (EurAsEC), signed in Minsk on October 10, 2014.

The termination of  EurAsEC activities is due to the fact that the organisation has achieved the goals and objectives set forth upon its establishment and also due to the signing of the Treaty on the Eurasian Economic Union, executed in Astana on May 29, 2014.

The Agreement sets forth that the EurAsEC and its bodies shall terminate their activities from January 1, 2015.

The Agreement also stipulates that all actions related to termination of the EurAsEC activities shall be determined by the EurAsEC Interstate Council in its resolution.

December 23, 2014