WATCH: Putin Challenges Sanctions, Accelerates De-Dollarisation Through Eurasian Economic Union

Ajouté : 2026-05-30

[00:01:36]Thank you very much, dear friends. It is truly symbolic, as my colleagues have already noted, that exactly 12 years ago, on this day, May 29th, 2014, a fundamental agreement on the Eurasian Economic Union was signed here in Astana.

[00:01:57]The consistent and painstaking joint work on the implementation of this document allowed us to create a truly effective integration.

[00:02:10]The assessments expressed by my colleagues, both positive and critical, nevertheless clearly show that the Eurasian Economic Union is functioning successfully and continues to develop further.

[00:02:24]In general, there are common markets of goods, services, capitals, and labor.

[00:02:31]Multi-layered cooperation in trade, finance, and other areas is expanding.

[00:02:41]Thus, step by step, a full comprehensive united economic space is being formed. I would like to emphasize that given the specifics of the current situation, a solid Eurasian integration brings real benefits to each of the member states of our union.

[00:03:00]It contributes to increasing business revenues, improving the quality of life and well-being of the population of our countries.

[00:03:12]The dynamic of the key macroeconomic indicators of our five is of a stable and positive nature, and this speaks for itself.

[00:03:22]The total volume of industrial production in the Eurasian Union has increased by 1.6% agriculture production by 4.6% construction by 4.2% growth is also observed in most economic sectors.

[00:03:45]The trade flows between the states of our union reached 95 billion dollars last year. The structure of trade is improving due to the expansion of high-tech products and the simultaneous reduction of the share of raw materials.

[00:04:03]As part of the Eurasian Economic Union, trade barriers are being consistently eliminated.

[00:04:12]Unification of non-tariff regulations is taking place.

[00:04:17]Almost all calculations between our countries are carried out in national currencies.

[00:04:24]Thus, mutual export-import operations are reliably protected from external influence and negative trends in global markets.

[00:04:37]Measures are being taken to further harmonize the customs laws of the member states.

[00:04:43]Another solution in this area will be agreed upon.

[00:04:47]Thanks to the expansion of industrial cooperation between our states, effective chains of added value have been created.

[00:04:58]Processes of import substitution are being promoted. Advanced technologies and innovations are being introduced.

[00:05:07]The Eurasian Economic Union has launched a mechanism of favorable co-financing of promising industrial projects.

[00:05:19]Loans for these purposes are allocated at interest rates significantly lower than those of the market. It is quite natural that such a scheme of subsidization has aroused live interest in the business circles of our countries.

[00:05:36]At the moment, two joint industrial projects are already being actively implemented. Three of them have been approved for financing and 14 others are under development at the Eurasian Commission.

[00:05:53]The decisions that we will make today will allow us to scale up such a positive experience to other key areas, including agriculture.

[00:06:02]The latter is particularly significant given that the issue of food security is traditionally given great attention in the Eurasian Union.

[00:06:12]With joint efforts, we strive to independently and unhinderedly supply the domestic market with vitally important types of agricultural products of our own production.

[00:06:27]One more step forward in this direction will be the order today on the general market of agricultural seeds.

[00:06:35]The Russian side fully approves the other integration solutions adopted at the High Council for cooperation in the field of energy, services, and a number of other industries.

[00:06:49]Colleagues, we have repeatedly stressed that the Eurasian Economic Union and our integration activities attract great attention abroad.

[00:07:02]This has already been mentioned today.

[00:07:05]Many foreign states and large regional structures, such as the cooperation of independent states, the Shanghai Cooperation Organization, and the Association of States of Southeast Asia, are showing great interest in developing relations with the five countries.

[00:07:24]On our part, the Eurasian Union has unwaveringly opened to mutually beneficial and equal cooperation with constructively set countries and associations.

[00:07:36]And the circle of five preferential partners is is year by year.

[00:07:45]Last year, trade agreements were concluded with Mongolia and the United Arab Emirates, as well as with Indonesia. Negotiations on the liberalization of trade with India were also activated.

[00:08:00]And of course, we support the decision-making project on the launch of work on the agreements on free trade with new and promising partners.

[00:08:14]Of course, we must and will pay attention.