Putin calls on EAEU countries to use Eurasian reinsurance company's capabilities more actively, recalls financial markets' integration

ST. PETERSBURG. Dec 22 (Interfax) - The Eurasian Economic Union (EAEU) member states need to utilize the Eurasian Reinsurance Company's capabilities more actively, Russian President Vladimir Putin said in a speech at an expanded meeting of the Supreme Eurasian Economic Council.

"Within our organization, the Eurasian Reinsurance Company has been established and operates, as it is provided with solid capital and is designed to support trade transactions between our countries, and its capabilities need to be used more fully," he said on Sunday.

Putin mentioned the EAEU countries' plans to further shape a common financial market in the union. A draft of the relevant order has been drawn up for approval.

"This is one of the key areas of the integration agenda in order to facilitate our investors' access to securities and stock exchanges throughout the EAEU, and to create optimal conditions for businesses and enterprises to access credit facilities and other banking products, as well as insurance services," Putin said.

The EAEU has already established a "stable and independent payment infrastructure from external influence," he said. "Almost all mutual settlements are carried out in national currencies. They account for 93% of commercial transactions between Eurasian countries," Putin recalled.

Speaking about the EAEU's performance in 2025, he cited data according to which the total agricultural production in the union went up by more than 20%, while the retail trade increased by 3%, construction by 4.7%.

"The non-energy exports from Russia to the EAEU countries have boosted nearly 20% this year to $32 billion out of a total trade of $73 billion in ten months," Putin said.