Caucasian Common Market

Caucasian Common Market

The Caucasian Common Market (founded in 1997) was a private holding company created to bring prosperity and well-being to the Caucasus region, and in addition, its recognition by the world community as an important subject of international commodity exchange and, consequently, international law.

Among the company's co-founders were former Chechen mafia boss and Chechen First Deputy Premier Khozh-Ahmed Noukhaev and Margaret Thatcher's close friend, Lord Alistair McAlpine, Baron McAlpine, of the Goldsmith family interests in London. ["Grozny is lobbying for a Caucasus Common Market, hoping the profit motive will force the world community to recognize Chechnya's independence." Prism, Volume 3, Issue 20 (December 5, 1997)] The company's aim was to collect $3 billion USD as the initial capital for investment projects in the region.

The outbreak of the second Chechen war in 1999 meant the definitive end of this initiative.

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