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Dmitry Medvedev said that the decisions in this area taken at the summit meeting of the Eurasian Economic Community Interstate Council and meeting of the Interstate Council in its capacity as highest body of the Customs Union mark a milestone in this process.

The President said that the Customs Union’s development will prepare the soil for a transition to a completely new form of economic integration that will see the participant economies establish a common economic space.

Mr Medvedev said that the Customs Union members hope that other EurAsEC member countries will also join in once they are ready.

The President noted that EurAsEC is practically the only organisation in the post-Soviet area that is making rapid progress towards its integration goals.

The current members of EurAsEC are Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan. Moldova, Ukraine, Armenia and the Eurasian Development Bank have observer status in the organisation.