Putin: EAEU worked effectively this year and continued to develop consistently
In the context of global market volatility and the unfavourable world political situation, the Eurasian Economic Union took timely and effective measures to stabilise the macroeconomic situation in our countries and to improve a number of important development indicators – as stated by Vladimir Putin, the President of the Russian Federation, at a meeting of the Supreme Eurasian Economic Council, held today in Bishkek (Kyrgyz Republic)
The Russian leader noted, “This year, our integration association worked efficiently and continued to develop consistently. In the context of global market volatility and the unfavourable world political situation, the EAEU took timely and effective measures to stabilise the macroeconomic situation in our countries and to improve a number of important development indicators, stimulating the growth of key economic sectors and supporting the EAEU economic ties.”
In particular, the unemployment rate for nine months of 2022 dropped very noticeably in the EAEU member states – by 18 percent – and amounts to just over 1.1 percent of the total labour force.
Vladimir Putin noted, “Meanwhile, the unemployment in the EU is 7 percent. That is seven times more than ours! The production of agricultural goods increased by 5.4 percent: a very noticeable and very good growth. This is all the more important against the backdrop of a growing food crisis worldwide as my colleagues have already talked about this, and Aleksandr Grigoryevich [Lukashenko] mentioned this.”
The President of Russia also stated an increase in the volume of completed construction works within the EAEU: by 4.7 percent, “It’s also a very good indicator: the construction industry is pulling along a lot of other industries. The total increase in investments in fixed assets reached 6.6 percent. I must say that we keep other macroeconomic indicators, including inflationary ones, within reasonable limits.”
