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Armenia Signed the Eurasian Economic Union Accession Treaty

On Friday, October 10, 2014, in the Belarusian capital of Minsk, Armenia signed its membership into the Eurasian Economic Union.

Russian President Vladimir Putin stated that he expects the parliaments of all member states to approve the signed document until the end of the year. "In our opinion, Armenia is ready to integrate with the EEU on par with Russia, Belarus and Kazakhstan," said Putin.

In his speech, Armenian President Serzh Sargsyan said, that Armenia is aware of the specific responsibilities it has taken upon itself, the first being the accession treaty.

“I believe that together we will be able to effectively conduct the process of Armenia's accession and minimize the risks for our country and maximize the overall benefit.

The negotiation stage was not easy, but thanks to our political will, professional approach, and willingness to finding the best decision, we were successful in entering in quite a short time period, while taking into consideration the interests of all members. I am thankful for all the participants during our work, first of all, the heads of states, the Eurasian Economic Commission Council, colleagues from the Commission, and to all officials and experts, for their enormous work during this short time period,” said Sargsyan.

The accession treaty will be in effect by January 1, 2015.

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