Monthly News Digests
Ukraine applied for an observer status at the Eurasian Economic Union which is to succeed the Russia-Belarus-Kazakhstan Customs Union in 2015. The effect of Ukraine participating in the CIS integration process is evaluated at $9 bln/year and in the long term can contribute up to 15% to the national GDP. The observer status is expected to be granted in October. This move is expected to contribute to the growth of cross border trade and investments with the leading CIS economies which account for 85% of the regional GDP.
April 2013 news digest on the key political and economic developments affecting Russian steel and mining sectors and steel-consuming industries