News - Russia premier: EAEU countries’ economic growth rates exceed average global indicators

The Eurasian Economic Union (EAEU) integration project has been established and is working successfully. This was announced by Russian Prime Minister Mikhail Mishustin, at the plenary session of the Eurasian Intergovernmental Council in Yerevan Tuesday. "The tenth anniversary of the EAEU has been completed. It's not such a long time, but it can be safely said that the integration project has been established and is working successfully," the Russian PM stated, adding that the free movement of goods, services, capital, and labor is ensured, and relations are being built on the basis of mutual respect, equality, and consideration of interests. The economic growth rates of the EAEU countries exceed the average global indicators, Mishustin said. "The Union has all the possibilities to become one of the poles of the emerging multipolar world," he stated, adding that this will depend on how well this potential will be realized, including using digitization processes. Separately, the Russian PM noted the importance of joint cooperation in remotely controlled cargo transportation, and the development of technology on the basis of artificial intelligence (AI). As Mishustin noted, the competition in the AI sector is huge, and the countries that have such technology have a huge advantage. Calling on partners to switch to Russian developments, Mishustin stated that the time will come to protect their developments from extra-regional companies. "Cooperation will enable the EAEU to become a leading successful union, and effective digital transformation will ensure a leap into the future and the well-being of about 190 million citizens who live in our countries," the Russian premier recapped.