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Eurasian Economic Union

EAEU summit kicks off outside Russia’s St. Petersburg

he five EAEU leaders, who will be later joined by their delegations, will discuss efforts to further increase integration within the group

IGORA /Leningrad Region/, December 26. /TASS/. The Eurasian Economic Union (EAEU) is holding a summit at Igora Resort in the Leningrad Region, with Russian President Vladimir Putin and his counterparts from the other EAEU member countries taking part.

The five EAEU leaders, who will be later joined by their delegations, will discuss efforts to further increase integration within the group. Among other issues, the coming meetings will touch upon removing barriers and limitations in domestic markets, and harmonizing financial laws, as well as the common services market liberalization. Establishing a common gas, oil and oil product market will also be on the agenda.

The leaders will also outline the main areas of the Union’s international activities in 2025, as well as the organization’s budget for the next year. Around two dozen documents will be signed following the summit, including on granting an observer status to Iran.

Belarus will take over the rotating presidency of the Union on January 1, 2025. In this regard, President Alexander Lukashenko is expected to outline priorities of his country’s chairmanship.

The EAEU is an international economic union, comprising Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. Not only the EAEU member states but also delegations from the observer countries - Uzbekistan and Cuba - have been invited to attend. Cuba’s leader will take part via video link though.

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Foreign policy Eurasian Economic Union

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