The establishment of a ‘Eurasian Union’, largely modeled on the EU, was postponed to 2015, after the President of Belarus Alexander Lukashenko insisted that member countries should have the right to veto the decision of the future body.
The summit was hosted in Moscow by the outgoing President Dmitry Medvedev. Putin, who won the presidential elections on 4 April amid accusations of widespread fraud, will be inaugurated in May.
The Eurasian Union was due to replace EurAsEc, the Eurasian Economic Community, a customs union between Belarus, Russia and Kazakhstan, established on 29 March 1996. According to the Kremlin website, the summit was attended by Lukashenko, the President of Kazakhstan Nursultan Nazarbayev, the President of Kyrgyzstan Almazbek Atambayev, the President of Tajikistan Emomali Rahmon.
Also present were and the heads of state of EurAsEC ‘observer’ countries – the President of Armenia Serzh Sargsyan, the President of Ukraine Viktor Yanukovych, and the Acting President of Moldova Marian Lupu. Also taking part in the summit are EurAsEC Secretary-General Tair Mansurov and President of the Eurasian Economic Commission’s Board Viktor Khristenko, who is the current Russian Industry Minister and whom Moscow wants to see appointed as EurAsian Union President.
According to the Russian language service of the BBC, the summit failed in both its objectives – putting an end to EurAsEc and establishing a Eurasian Union. As a compromise, the leaders decided to postpone the establishing of the Eurasian Union. “We proceed from the assumption that a comprehensive treaty on the creation of a new Eurasian Union will be drafted and signed by 1 January, 2015,” Medvedev said.