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Eurasian Economic Union Countries Moving Towards National Currency Settlements

in Economy / Kazakhstan - by


Chairman of the Board of the Eurasian Economic Commission (EEC) Bakytzhan Sagintayev anticipates that soon the Eurasian Economic Union (EAEU) countries will be able to fully transition to settlements in national currencies.

During a meeting with Russian President Vladimir Putin, Sagintayev stated that the percentage of settlements in national currencies among EAEU countries has been increasing significantly. He highlighted that retail trade turnover in the EAEU in 2023 increased by 6.6%, investments in fixed capital by 10%, industrial production by almost 4%, and construction work completion by over 8%.

Putin congratulated Sagintayev on his appointment as the head of the EEC, while Sagintayev congratulated Putin on his re-election, emphasizing the support for his policies and the country's strategic socio-economic development course.

Previously, it was reported that Bakytzhan Sagintayev held negotiations with the President of Kyrgyzstan.