Find similar content

🗓 May 29, by decision of the Heads of States of the Eurasian Economic Union, is celebrated annually as #EAEUDay. January 1 marked 1️⃣0️⃣years since the Treaty on the EAEU (signed on May 29, 2014) came into force, launching the Union as a regional integration association. Over this time, the EAEU has proven to be asuccessful project of regional integration based on equality and consideration of each member’s interests. The Union has become an independent and self-sufficient centre of the emerging #MultipolarWorld. The member-states of the Union — the EAEU "Five" — Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia — have achieved significant progress: the Union's internal market is functioning and improving, mutual trade is demonstrating sustainable growth, cooperation is becoming closer in such areas as transportation, logistics, industry, agriculture, energy and food security. 📈Economic indicators speak for themselves: according to estimates available, the combined GDP of the EAEU member-states has increased from 1.6 to 2.5 trillion dollars over the 10 years of the Union's development. In 2024, the growth of the GDP (on average in the Union) was recorded as 4.4%, thus, outpacing the global average growth of 3.3%. Trade with third countries has increased by 60%, while the share of the national currencies in mutual trade within the EAEU has reached 90%. The Eurasian Economic Union has firmly established itself as a major actorin global economic affairs with an extensive network of partnerships. Today, free trade agreements of the EAEU with Vietnam🇻🇳, Iran🇮🇷, and Serbia🇷🇸 are already in force, with the two non-preferential agreements have been signed with China🇨🇳. Active efforts are being made to align the Union with China’s Belt and Road initiative. The EAEU maintains close cooperation with the Union's observer-states, such as Uzbekistan🇺🇿, Cuba🇨🇺, and Iran🇮🇷. The trade talks the EAEU is holding with Indonesia🇮🇩, the UAE🇦🇪, and Mongolia🇲🇳 are nearing completion. 📰 An excerpt form the interview by Deputy Prime Minister of the Russian Federation Alexei Overchuk for 'Rossiyskaya Gazeta' (May 28, 2025): 💬 <...> “We consider the EAEU to be the economic nucleus of Northern Eurasia — an area that has achieved a high level of socio-economic development and largely resolved issues of food and energy security. This makes the EAEU "Five" an attractive partner for the Global South countries, many of which are still fighting the implications of their colonial dependence on Western Europe. <...> Eurasia holds a vast creative potential, with nations both in the North and South committed to progress. Many of these countries are naturally seeking cooperation with Russia.” 🎙 From a briefing by Russian Foreign Ministry Spokeswoman Maria Zakharova(May 20, 2025): 💬 “Today, the EAEU stands as a paradigm of successful integration, where cooperation is built on principles of equality, trust, and respect, with due consideration for the interests of each member state. We extend our congratulations ahead of EAEU Day and express gratitude to our colleagues from member states and the Eurasian Economic Commission for their productive collaboration. We remain committed to unlocking further economic potential and deepening integration for the benefit of our nations’ citizens and businesses.”