Kazakhstan President Nursultan Nazarbayev is confident the future of the Eurasian Economic Union remains bright, despite Russia’s grim economic outlook.

The crisis in Russia, which was caused by the collapse in oil prices and Western sanctions following the country’s annexation of Crimea, has already set off a decline in trade.

“Although trade suffers in times of crisis, I believe the EEU has great future prospects,” Nazarbayev said after meeting with Russian President Vladimir Putin on Ma...

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