All news

Russia calls to sign memorandum on cooperation between EAEU and BSEC

Lavrov calls to sign a memorandum of understanding between the Eurasian Economic Union and the Organization of the Black Sea Economic Cooperation

BAKU, December 14. /TASS/. The conclusion of a memorandum of understanding between the Eurasian Economic Union (EAEU) and the Organization of the Black Sea Economic Cooperation (BSEC) would benefit both organizations, Russian Foreign Minister Sergey Lavrov said at a foreign ministerial meeting of the BSEC on Friday.

"The BSEC has a good experience of partnership with other multilateral structures," he noted. "I’d like to reiterate that the organization used to have established productive contacts with the Eurasian Economic Community. The Eurasian Economic Union was established to replace it and became an important factor of integration processes in the region."

"The conclusion of a memorandum of understanding between the BSEC and the EAEU would benefit the two organizations," Lavrov noted.

The minister noted the necessity to develop regional cooperation on the BSEC space. "This cooperation is being successfully carried out in the Baltic region and in northern Europe in general," he noted. "The same thing could be done in the Black Sea region under the aegis of the BSEC.".