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Informal CIS Summit Opens In Kremlin

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  • Informal CIS Summit Opens In Kremlin

    INFORMAL CIS SUMMIT OPENS IN KREMLIN
    Alexei Nikolskiy

    RIA Novosti
    15/05/2012
    MOSCOW

    The leaders of 11 former Soviet republics have begun their informal
    summit in the Kremlin.

    Last year's "shirt-sleeves" summit in Moscow on December 20 marked the
    20th anniversary of the post-Soviet CIS alliance, a Kremlin spokesman
    said on Tuesday.

    Addressing the summit, Russian President Vladimir Putin praised the
    economic and cultural ties between CIS nations.

    "We can hardly develop and function efficiently without each other,"
    the spokesman quoted Putin as saying.

    The meeting in the Kremlin follows a session of a CIS security
    structure, the Collective Security Treaty Organization, held on
    Tuesday morning.

    The informal CIS summit is expected to consider ways of further
    integrating natural resource, technological, intellectual and labor
    potentials of the countries, the Kremlin source said.

    Last October, the countries signed an agreement on free trade within
    the CIS.

    This year, Russia, Belarus and Kazakhstan instituted a common economic
    space that provides free movement of commodities, services and capital
    through the partners' borders.

    Combined with the Customs Union between these three countries,
    the common economic space is designed as a step toward the Eurasian
    Economic Union proposed by Kazakhstan in 1994.

    The CIS alliance includes Russia, Belarus, Kazakhstan, Kyrgyzstan,
    Uzbekistan, Azerbaijan, Armenia, Tajikistan, and Moldova,
    with Turkmenistan as an unofficial member and Ukraine de facto
    participating. This year Turkmenistan holds the rotating presidency
    in the alliance.

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