🎙 Statement by President of Russia Vladimir Putin at the expanded meeting of the Supreme Eurasian Economic Council (Astana, May 29, 2026)

💬 It is indeed symbolic that exactly 12 years ago, On May 29, 2014, the founding Treaty on the Eurasian Economic Union was signed here in Astana.

The consistent and painstaking joint work carried out by our states to implement this document has made it possible to create a truly effective integration association. The assessments voiced by our colleagues – both positive and critical – clearly show that the Eurasian Economic Union is functioning successfully overall and continues to develop further.

I would like to particularly emphasise that, given the specifics of the current situation, close Eurasian integration brings real benefits to each member state of our Association. It helps increase business revenues and improve the quality of life and well-being of our countries’ citizens.

📈 The key macroeconomic indicators of our “five” show a stable positive dynamic, and this speaks for itself. Total industrial production in the Eurasian Union increased by 1.6%, agricultural production by 4.6%, and construction by 4.2%. Growth is also being recorded in most sectors of the economy.

Trade flows between the states of our association reached $95 billion in 2025. The structure of trade is improving thanks to expanded supplies of high-tech products and a simultaneous decrease in the share of raw materials.

Trade barriers are being consistently eliminated within the EAEU, and non-tariff regulation rules are being unified.

Practically all settlements between our countries are carried out in national currencies. This means that mutual export-import operations are reliably protected from external influence and negative trends on global markets.

Measures are being taken to further harmonise the customs legislation of the member states.

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We have all repeatedly emphasised that the Eurasian Economic Union and our integration activity attract considerable attention abroad.

Many foreign states and major regional structures – such as the Commonwealth of Independent States, the Shanghai Cooperation Organisation and the Association of Southeast Asian Nations – are showing interest in developing ties with the “five”.

For its part, the EAEU remains invariably open to mutually beneficial and equal cooperation with constructively minded countries and associations.

The circle of the “five’s” preferential partners is steadily expanding year by year. In 2025, trade agreements were concluded with Mongolia, the United Arab Emirates and Indonesia. Negotiations on trade liberalisation with India have also intensified.

☝️ I would like to stress that deepening allied ties with all EAEU states is an unconditional priority for Russia. We intend to continue fully supporting the development of integration processes across the entire Eurasian space.

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