2 Feb 2024 18:47

Share of national currencies in mutual settlements between EAEU countries reaches 90% - Russian PM

MINSK. Feb 2 (Interfax) - The share of national currencies in Eurasian Economic Union (EAEU) member countries' mutual settlements has reached 90%, Russian Prime Minister Mikhail Mishustin said at a meeting of the Eurasian Intergovernmental Council on Friday.

"The head of the Russian government has set the declaration on further development of economic processes in the EAEU until 2030 and for the period to 2045 [...] signed by the leaders of EAEU member countries in St. Petersburg in December as a guidance in work. It [the declaration] envisages an expansion of the scope of cooperation. For instance, [cooperation will expand to] issues on the climate agenda, use of artificial intelligence, the electronic commerce sphere, as well as the formation of a common financial market and increasing the share of national currencies in mutual settlements, which has reached about 90% and is continuing to grow," the Belarusian state-run news agency BelTA quoted Mishustin as saying.

"In the 11 months of the past year, the union's gross domestic product grew approximately by 3.5%, industrial production almost by 4%, the volume of construction work by 8.5%, passenger transportation added around 13%, and retails sales were up more than 6%," he said.