Consumers from Russia's future EEU partners – Armenia, Belarus and Kazakhstan - are using Russian online retailers to pick up bargains as the ruble’s collapse strengthens their dollar-linked currencies.
The Armenian dram tumbled to record lows against the euro and the dollar on December 17, crossing the ceiling of AMD700 to the euro and AMD560 to the dollar, before recovering to be quoted early December 18 at AMD471.
Latvian Foreign Minister Edgars Rinkēvičs has called for a clear commitment to support Europe’s eastern neighbours in the coming months as the Baltic state prepares to take over the EU’s member state council presidency.
Mongolia's new PM has formed a unity goverment to stifle dissent and make bold reforms. But like his predecessor, who literally got lost once in Mongolian forests, he may find it hard to keep the group on the same path.