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V. Kovalenko: Armenia's decision to join the CU will improve Russia's position in the South Caucasus

Ambassador Extraordinary and Plenipotentiary of the Russian Federation, director of the regional programs of the Caspian Cooperation Institute Vyacheslav Kovalenko told about Armenia's accession to the Customs Union . According to the expert, Armenia's accession to the Customs Union will be beneficial for all participating countries of the CU. September 3, in the course of the Moscow talks, the presidents of Armenia and Russia - Serzh Sargsyan and Vladimir Putin - comprehensively discussed the state and prospects of bilateral alliance partnership and issues of foreign policy cooperation . Heads of State reaffirmed the focus of Yerevan and Moscow on the further development of economic integration in Eurasia. According to the joint statement , President Sargsyan said the decision of the Republic of Armenia is to join the Customs Union and make the necessary practical steps , and subsequently, to participate in the formation of the Eurasian Economic Union . Russian President Vladimir Putin supported the decision of the Republic of Armenia, and the Russian side expressed readiness to cooperate fully in this process. The Customs Union within the Eurasian Economic Community is a form of trade and economic integration of Russia, Belarus and Kazakhstan, providing a single customs territory, within which the mutual trade shall not be subject to customs duties and restrictions of economic nature , with the exception of special protective, antidumping and countervailing measures . In addition, the member states of the Customs Union share a common customs tariff and other common measures regulating trade with third countries.