BRUSSELS: Companies from Belgium and Luxembourg are looking for ways to promote business cooperation with Russia through the Eurasian Economic Union (EEU) despite the Western economic sanctions, the general manager with the Belgian-Luxembourg Chamber of Commerce (BLCC) in Russia told Sputnik Tuesday.
The European Union’s main economic sanctions against Moscow imposed on the pretext of Moscow’s alleged role in the Ukrainian crisis are set to remain in place until January 31, 2017, and sanctions against some Russian citizens and legal entities are valid until March 15 of the same year.
The Eurasian Economic Union is a Russia-initiated regional political and economic bloc that aims to streamline the flow of goods and services between its members, namely Russia, Kyrgyzstan, Armenia, Belarus, and Kazakhstan.
