EAEU surpasses Europe in industrial production growth

The development of the real sector of the economy, increasing the efficiency of integration, as well as the success of the Eurasian Economic Union (EAEU), formed by Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan, made it possible to ensure growth as part of overcoming sanctions and turbulence in world markets.

EAEU surpasses Europe in industrial production growth
Source: d-russia.ru

This is reported by teleSURtv.net.

These issues became key at the last meeting of the Euro-Asian Intergovernmental Council this year, which took place on October 21 in Yerevan.

Russian Prime Minister Mikhail Mishustin, in particular, said that last year the volume of mutual trade between the states of the Union reached a record high for the entire existence of the Union, exceeding $73 billion. At the same time, he added: the Russian ruble was used to make 72 percent of UEE payments in 2021.

The Eurasian Intergovernmental Council is one of the bodies of the EAE, which includes the heads of staffs of the member states. Decisions and orders of the intergovernmental council are adopted by consensus.

“Despite the political tensions and the difficult socio-economic situation in the world, the WEU is constantly implementing an integration agenda, measures to combat the crisis and deepen cooperation between our countries,” said Armenian Prime Minister Nikol Pashinyan.

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