The Eurasian Union Leaders Meet for the Eurasian Supreme Economic Council

Today, Thursday, the leaders of the Eurasian Union will hold a meeting of the Eurasian Supreme Economic Council in Moscow with the participation of the leaders of the Union, which includes Russia, Belarus, Armenia, Kazakhstan and Kyrgyzstan.

What is the Eurasian Economic Union?

The Eurasian Economic Union (EAEU) is a political and economic union of states located in eastern Europe and western and central Asia. It was established in 2015 and is currently made up of five member states: Russia, Belarus, Armenia, Kazakhstan, and Kyrgyzstan.

What is the Eurasian Supreme Economic Council?

The Eurasian Supreme Economic Council is the highest governing body of the Eurasian Economic Union. It is responsible for making decisions on issues related to the union’s economic integration, including the formation of a common market, the development of a customs union, and the coordination of macroeconomic policies.

What will be discussed at the meeting?

At the meeting of the Eurasian Supreme Economic Council, the leaders of the member states will discuss a range of issues related to the functioning and development of the Eurasian Economic Union. This includes the approval of the union’s budget for 2022, discussions on the union’s future development strategy, and talks on further expanding economic cooperation between member states.

Conclusion

The meeting of the Eurasian Supreme Economic Council is an important event for the Eurasian Economic Union, as it provides an opportunity for member state leaders to discuss key issues related to the union’s development and integration. It is hoped that the discussions at the meeting will lead to greater cooperation and integration among member states, and contribute to the continued development and growth of the Eurasian Economic Union in the coming years.