I don't think its a terrible idea, its not like he's talking about re-creating the Warsaw pact which was the Soviet Union governing client states through the use of feat and super ideaology.
Lets be honest though, creating a block of Eurasian nations with combined financial, military and foreign policy goals is a bad idea, the EU is rapidly becoming a failure because they are forced through obligations to support states like Greece and other weak economies.
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My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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