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EAEU understands West will not replace Russia as trading partner — Russia’s Deputy PM

"Partners in the EAEU recognize how closely connected our economies are, so they understand that damage to Russia and Belarus will also hurt them," Alexey Overchuk said

MOSCOW, January 29. /TASS/. The member countries of the Eurasian Economic Union (EAEU) understand that the West will not be able to replace Russia as a trading partner and investor, Russia’s Deputy Prime Minister Alexey Overchuk said in an interview with Expert magazine.

"Partners in the EAEU recognize how closely connected our economies are, so they understand that damage to Russia and Belarus will also hurt them. They also recognize that no Western nation can replace Russia as a trading partner and investor," he said.

According to him, Russia has the highest trade turnover among EAEU partners. "According to the statistics of the first 11 months of 2023, Russia ranks first in Armenia’s trade turnover and is continuously competing with China for first position in trade with Kazakhstan and Kyrgyzstan. Observing climate change, they are also aware that the closest country in the region that will be supplied with water is Russia," he stated.

Overchuk pointed out that collaboration with the global South differs significantly from interactions with the West for EAEU members. "For the West, the three EAEU countries serve as raw material suppliers and markets for high-value products. Our five countries are high-value suppliers of food and goods to the global South," he noted, adding, "That is, relations with the global South contribute to our development and revenue growth in the EAEU.".

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