Russian PM: EAEU economies adapt to external shocks

YEREVAN, Oct 21 (PRIME) -- The economies of the Eurasian Economic Union (EAEU) countries – Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan – have adapted to the external shocks, Russian Prime Minister Mikhail Mishustin said on Friday during a session of the Eurasian Intergovernmental Council.

“This approach (of building systemic joint economic activity) and efficient implementation of swift anti-crisis measures allowed us to adapt our economies to the external shocks. I am speaking about disruption of the transport and logistics chains and changes in the export-import flows in the first place,” he said.

The union’s gross domestic product exceeded U.S. $1 trillion in January–June, and fixed capital investment grew by more than 6.5%, he said.

Still, the union needs to develop strategic solutions as the West is not going to change its sanction policy quickly. The economic pressure that the West exerts on Russia and Belarus has an impact on all countries of the EAEU and on the common market, he said.

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