BAKU, Azerbaijan, August 7. The economies of the Eurasian Economic Union (EAEU) member states remain stable and are showing positive momentum despite ongoing global challenges.
This was stated by Russian Prime Minister Mikhail Mishustin at an expanded meeting of the Eurasian Intergovernmental Council.
According to Mishustin, the development of Eurasian integration brings practical benefits to all member states of the Union, contributing to increased business revenues, improved quality of life, and greater well-being for citizens. “As President of the Russian Federation Vladimir Putin emphasized at the meeting of the Supreme Eurasian Economic Council in Astana in May, close Eurasian integration brings real benefits to each of the member states and contributes to increased business revenues, improved quality of life, and greater well-being for the populations of our countries,” he said.
Mishustin noted that, despite external factors and instability in the global economy, the EAEU countries continue to show growth in key areas. “Even taking global challenges into account, we see positive trends in macroeconomic indicators. In the period from January through May, real gross domestic product grew, as did industrial production, agriculture, and retail trade; our mutual trade is also increasing,” the Russian prime minister noted.
He emphasized that the Union’s member states continue to work together to strengthen integration and achieve the goals set by the heads of state.
Mishustin also highlighted the importance of advancing the EAEU’s digital agenda. According to him, a joint statement on the responsible development of artificial intelligence was adopted in May at the Eurasian Economic Forum in Astana, which will serve as a roadmap for further work in this area. “This serves as a roadmap for activities in this crucial area, including the implementation of joint digital projects among the five member states,” he said.
The Russian Prime Minister noted that further deepening integration requires a focus on developing industrial cooperation, the agro-industrial complex, digital solutions, and technological cooperation.
He also emphasized the need to continue working to strengthen food security and expand economic cooperation both within the Union and with external partners. “Together, dear colleagues, we continue to work to strengthen Eurasian integration and fulfill the tasks set by our presidents,” Mishustin said.
