“The advantages of the integration course are especially evident now, in the current difficult international situation, in conditions of practically aggression on the part of some unfriendly states against us,” the president declared during the meeting of the Supreme Eurasian Economic Council.
At the meeting, which is being held this Friday in virtual format, Putin said he was convinced that closer integration would enable the countries of the Eurasian Economic Union (EEU) to become stronger economically and much less dependent on the external situation, including the political one.
He also commented that the measures taken by the Russian executive in the current circumstances make it possible to redirect the economy and affect major industries and enterprises as little as possible.
“The Government is making timely decisions for stable and safe functioning of the markets and the financial sector, much attention is being paid to support key industries and key enterprises,” the head of state explained.
He also argued that they have simplified business procedures and significantly reduced the administrative burden to ensure maximum business freedom.
Putin explained that they are also working to increase the availability of financing to replenish working capital and maintain bank liquidity.
Finally, the president recalled that “the share of payments in national currency in mutual settlements of the EEU countries reaches 75 percent.”
The Supreme Eurasian Economic Council is composed of the heads of state and government of the EEU member countries Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, as well as Moldova, Uzbekistan and Cuba, which have observer status.