Medvedev will hold session of Presidential Council on Strategic DevelopmentRussian Politics & Diplomacy October 25, 1:49
Moldovan court issues warrant for arrest of opposition figureheadWorld October 25, 1:33
Ukraine’s prosecutor general seen as possible successor to President Poroshenko — MPWorld October 25, 0:23
51 ceasefire violations reported in Syria in past day — Russian reconciliation centerWorld October 24, 23:32
Two Ukrainian cities support initiative for broader status of Russian languageWorld October 24, 23:31
Russian Baltic Fleet’s training ship Smolny ends its visit to GreeceMilitary & Defense October 24, 21:23
Diplomat: US needs alleged attack on Russian ministry website to hype up cyberwar topicRussian Politics & Diplomacy October 24, 21:03
IOC confirms talks between Thomas Bach and Russia’s whistleblowing couple StepanovsSport October 24, 20:34
Scottish rockers Nazareth will record album with new vocalist in 2017Society & Culture October 24, 20:23
ASTANA, May 11. /TASS/. The participation in the Eurasian Economic Union (EAEU) helps its members cope with the aftermath of the global economic crisis, speaker of Russia’s Federation Council (upper house of parliament) Valentina Matviyenko said on Wednesday addressing Kazakh lawmakers.
She recalled that Russia and Kazakhstan are major hydrocarbon exporters, and the two-fold reduction in energy prices "has affected adversely export revenues and national currency rates" in both countries.
"At the same time, under these objectively difficult conditions the Eurasian Economic Union, even during the first year of its activities, played a huge positive, I would say, stabilizing role. Against the backdrop of the general decline in trade with third countries, the EAEU member-countries’ mutual trade turnover fell significantly less," Matviyenko said, adding that "the physical volume of deliveries in a number of positions even grew."
"Under these circumstances, we believe there is no alternative to purposeful joint work to further develop and strengthen the Eurasian Economic Union," the speaker said.