The Commonwealth of Independent States (CIS; Russian: Содружество Независимых Государств, СНГ, tr. Sodruzhestvo Nezavisimykh Gosudarstv, SNG) (also called the Russian Commonwealth) is a regional organization whose participating countries are former Soviet Republics, formed during the breakup of the Soviet Union. The CIS is a loose association of states. 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. Some of the members of the CIS have established the Eurasian Economic Community with the aim of creating a fully fledged common market.  Read more..

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