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Tuesday 20th March 2018

Putin Hosts Meeting of the Eurasian Economic Union


7Dnews London - other agencies

Tue, 15 May 2018 15:56 GMT

The Russian president chaired a meeting of the Eurasian Economic Union an economic alliance that includes Russia and former Soviet countries, Belarus, Kazakhstan, Armenia and Kyrgyzstan. The meeting took place in Sochi in southern Russia on Monday May 14th and has become an important forum for boosting comprehensive collaboration and integration. During the meeting President Putin hailed the alliance as a dynamic group and pointed to its economic achievements.

The Eurasian Economic Union is an international organisation for regional economic integration, aimed at comprehensively upgrading its members’ economies, encouraging cooperation and raising international competitiveness.

The leaders of the member-states discussed cooperation in energy, the digital economy, medicine and ecology. Participants discussed the issues of creating an equal market for goods and services, the development of trade and investment ties and the strengthening of industrial and technological cooperation.

The proposal to offer Moldova observer status in the union was unanimously approved. “We expect that as an observer state, the Republic of Moldova will actively participate in our union’s activities,” said Putin.

The Russian president said that the next meeting of the Eurasian Economic Union will take place at the end of November or early December in St. Petersburg.

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