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The Commonwealth of Independent States Economies by Erika Cornelius Smith, Marcus Goncalves

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CHAPTER 1

An Overview of the Commonwealth of Independent States

Demokratizatsiya

The Commonwealth of Independent States (CIS), also known as the Russian Commonwealth, is a regional bloc of countries formed during the breakup of the Soviet Union, whose participating countries are some former Soviet Republics. The CIS is a loose association of countries. Although the CIS has few supranational powers, it is aimed at being more than a purely symbolic organization, nominally possessing coordinating powers in the realm of trade, finance, lawmaking, and security. It has also promoted cooperation on cross-border crime prevention.

The CIS was established on December 8, 1991, through the Belavezha Accords,1 which also brought a legal end to the Soviet ...

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