Igor Shuvalov, First Deputy Prime Minister in Mr Putin’s Government, suggested that Russia may abolish the rouble and create a common currency with Kazakhstan and Belarus.
The three states have already established a customs union and plan to form a single economic market by 2012. Mr Shuvalov said that he would not rule a currency union as “the next logical step”, adding that it would be modelled on the euro.
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Comment: The race is on for where will be the next empire: China and South-East Asia or Eurasia? The European Union? Or maybe an American renaissance? Nobody knows because empires are built much more by accident than by design.
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