Share of national currencies in EAEU trade surpasses 90% and will continue to grow — Putin

Business & Economy December 25, 2023, 20:56

The Russian president also emphasized that trade between the union's member countries expanded by 8.9% in the first nine months of this year

ST. PETERSBURG, December 25. /TASS/. The share of national currencies in trade within the Eurasian Economic Union (EAEU) has already exceeded 90%, and this figure will only increase, Russian President Vladimir Putin said at a meeting of the Supreme Eurasian Economic Council.

"It is important that the share of national currencies in mutual settlements [between the EAEU countries] exceeded 90%," the Russian he said, emphasizing that "this figure will undoubtedly grow."

The Russian President also emphasized that trade between the union's member countries expanded by 8.9% in the first nine months of this year. At the same time, its structure has improved, and the volume of deliveries of finished high-tech products has increased while the raw material component has decreased, he stressed.

Furthermore, "the circle of preferential foreign trade partners is systematically expanding," Putin noted. In this regard, he noted that today marked the conclusion of a free trade agreement between the EAEU and Iran.

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