Wednesday, March 12 2025 11:21
Alexandr Avanesov

Formation of common EEC oil, gas, energy markets in progress -  minister 

Formation of common EEC oil, gas, energy markets in progress -  minister 

ArmInfo. The Eurasian Economic Union has successfully coped with a number of factors and their negative consequences. As reported by the press service of the  Eurasian Economic Commission, this was stated in the format of a  video address to the participants of the International discussion  dedicated to the 10th anniversary of the EAEU.

The main topics of discussion for the participants were the successes  achieved and the challenges faced by the Union. "A number of factors  and their negative consequences became external challenges for the  EAEU, which the association successfully coped with. This is  evidenced by the growth of GDP over the specified period by about 50%  - from 1.6 trillion to 2.4 trillion US dollars. At the same time,  mutual trade doubled and amounted to about $ 90 billion, and its  share in the total volume of foreign trade of the EAEU increased to  18.2%," Arzybek Kozhoshev noted.

The Minister reported on more comfortable conditions for EAEU  citizens in the field of education, medical care, appointments and  payments of pensions. The benefits of the business community, for  which the Union law provides for the free movement of goods and equal  access to public procurement, were outlined.

The EEC Minister also emphasized that issues of common oil, gas and  electricity markets are currently being promoted, which will ensure  the availability of energy resources and the development of EAEU  countries. The tasks of diversifying supplies and building up the  potential of new transport corridors, such as the North-South  transport corridor and cooperation with China on the One Belt, One  Road project, are being addressed.