Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Thursday, March 28, 2024

Azerbaijan not joining Eurasian Economic Union

Russian Foreign Minister Sergei Lavrov announced on Wednesday that no formal proposal has been made on Azerbaijan's accession to the Eurasian Economic Union (EaEU), which will begin official operations on Jan. 1.

"The Eurasian Union is open to our partners," Lavrov said, according to News.az. "We would welcome the accession of Azerbaijan, as well as any other country to the Eurasian Union."

Additionally, Lavrov spoke during a meeting in Azerbaijan on the Nagorno-Karaback conflict in the South Caucasus.

"The Eurasian Union was established by Russia, Kazakhstan and Belarus," Lavrov said, News.az reports. "Armenia will join the union soon. Karabakh is a subject of international negotiations. This conflict should be resolved based on the international principles. Armenia has announced that its accession to the World Trade Organization took place within the framework of the internationally recognized borders. Armenia will join the Eurasian Union within the UN-recognized borders."