Putin ratifies interim agreement on EAEU-Iran free trade zone | WHAT REALLY HAPPENED


Putin ratifies interim agreement on EAEU-Iran free trade zone

Russian President Vladimir Putin has signed a law ratifying a temporary agreement on formation of a free trade zone between the Eurasian Economic Union and Iran.

he relevant law, published on the official Internet portal of legal information, was ratified by the State Duma and the Federation Council (two houses of the Russian parliament) on November 15 and 23, respectively.

"To ratify the interim agreement on formation of a free trade zone between the Eurasian Economic Union and its member states, for one part, and the Islamic Republic of Iran, on the other part, signed in Astana on May 17, 2018," the document says.

The agreement signed in Astana on May 17, 2018 sets the main rules of trade between the EAEU and Iran most closely to those of the World Trade Organization (WTO), which Iran does not belong to

Webmaster's Commentary: 

This was an utterly brilliant move on Putin's part, as he is working as hard as he can, to keep the country of Iran in the best economic state possible, while making President Trump appear petulant and short-sited, courtesy of the United States' withdrawal from the P5+1 agreement.

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