The Eurasian Economic Union is gaining weight on the geopolitical map of the world. The integration of the "five" (which includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan) claims to dominate the global changes.
Such statements came from Bishkek today. It became the capital of the Eurasian Economic Forum, the first in the history of integration. The most urgent issues of development in industry and agriculture, the financial sector, cooperation, import substitution, and other areas were discussed by business and major industrialists, experts, representatives of government agencies and, in particular, ministers of the Eurasian Economic Commission.
Sanctions pressure cannot be ignored, they noted at the forum, but it did not compromise either the goals or objectives of the Union. On the contrary, it once again emphasized the importance of economic integration.
Prospects for Eurasian integration
Generally, the Eurasian Economic Forum is a new word in the history of integration. Big talk about the aspirations of the union, its current challenges, the responses to the challenges of time. An idea that has been nurtured for a long time, we have managed to implement only now. COVID had been postponing the forum for several years in a row. So, this meeting is rightfully a pilot. Some might even say: it will be not just important but historic!
Victor Nazarenko, Minister of Technical Regulation of the Eurasian Economic Commission:
“We need to raise the level of all the work that takes place at the national level of the union. A lot of processes have been taking into account our foreign partners. Even today we are talking about our topics, about standardization. All specialists gather together and say: let us work together for our countries to develop these areas, let us count on our own strength. This is import substitution, cooperation, the development of export opportunities - and so each direction.”
The impact of sanctions on the Eurasian economy
“The reorientation of trade export flows is another notable trend of the time, which obviously has a sanctions background. But an actual ban on European trade direction does not mean a collapse of sales and exports. Rather, the usual world order. The forum will even say: if sanctions did not exist, they should have been invented. They have turned the Eurasian "look" from west to east. That is, perhaps, all their "destructive" effect.”
Sergey Glazyev, Minister for Integration and Macroeconomics of the Eurasian Economic Commission:
“The events of sanctions pressure and hybrid warfare, which from the West have hit Russia and Belarus, are shifting us to Asia. And here we see new opportunities for development. These processes only accelerate the transition that would have happened anyway, because the center of the world economy has already moved to Southeast Asia. China and India provide more than half of the growth of the global product. We have to understand: the sanctions that have disrupted trade with the EU and Western countries are easily overcome by the maneuver to Asia.”
Main statements at first Eurasian Economic Forum in Bishkek announced
26 мая 2022












