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DATE=12/8/1999 TYPE=CORRESPONDENT REPORT TITLE=RUSSIA / BELARUS (L ONLY) NUMBER=2-256966 BYLINE=CHARLES MAYNES DATELINE=MOSCOW CONTENT= VOICED AT: INTRO: After months of negotiations and delay, the leaders of Russia and Belarus have signed a treaty committing the two former Soviet republics to merge into a confederate state. Charles Maynes reports from Moscow. TEXT: When the signing ceremony was postponed a few- weeks ago because of Russian President Boris Yeltsin's ill health, many speculated Russia was becoming less enthusiastic about the proposed merger. But it was a cheerful looking President Yeltsin who greeted his Belarussian counterpart, Alexander Lukashenko, to the Kremlin and hailed the union treaty an epoch-making moment. /// YELTSIN ACT - IN RUSSIAN - FADE UNDER /// Mr. Yeltsin said the agreement is in the best interests of both Russia and Belarus, and is based on the goodwill and equal sovereignty of both countries. President Lukashenko called the treaty, in his words - - a moral restoration of justice -- coming eight-years to the day Russia, Ukraine, and Belarus signed a treaty which led to the collapse of the Soviet Union just weeks later. But despite the pomp and ceremony, the treaty is far from establishing true integration of the two former Soviet republics. The agreement -- which calls for joint institutions and a common currency by the year 2005 -- offers little beyond what already exists in previous cooperation treaties. That was a point acknowledged by the Belarussian president who had harshly criticized the draft union treaty when it was first published in October. The agreement, Mr. Lukashenko said, is -- only the beginning. (SIGNED) NEB/CM/JWH/ENE/RAE 08-Dec-1999 09:45 AM EDT (08-Dec-1999 1445 UTC) NNNN Source: Voice of America .