Russia’s Putin calls for regional currency union

(Reuters) – Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia’s main partners in a union of ex-Soviet states facing growing economic challenges.

Putin made his proposal at a meeting with the Belarussian and Kazakh presidents, who did not respond in public but have been lukewarm about such proposals.

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Armed Caspian becomes dangerous

At the end of September – early October, Russia and Iran will carry out joint military drills in the Caspian Sea to train maritime security-enforcement operations. Iranian military attaché to Moscow Col. Suleiman Adeli said: “Iran and Russia want Caspian states to maintain maritime security without interference of foreign states. They consider presence of foreigners a source of tensions and conflict.”

When they mention “foreign interference”, they usually keep the US in mind. Although, it is not only the US that has political, military-strategic and economic interests in the region. The EU and China have own palates. The reason why Caspian states arm themselves is terrorism, extremism, separatism and expansionism of the West. These are the new threats of the Caspian Sea. The US strategy in the Middle East remains a sensitive issue for the Caspian Sea, but the steps made in the Middle East to disrupt the balance of power by pressing on Syria may cause problems for all Caspian and Trans-Caucasus states. Continue reading