unprecedented in its essence and consequences, in february of this year, within the framework of the eurasian intergovernmental council held in the capital of kazakhstan, i proposed the creation of a high-level working group to develop economic measures to ensure the sustainability of the economies of the countries of the eurasian five. e, the working group has been created and developed a package of operational measures that are being implemented and already have concrete results. however, one must understand that the current geopolitical situation will have a long-term character, and to this. gotta be ready in this regard, i propose to consider two initiatives of kazakhstan that meet, in our opinion, the current realities and needs of the integration association. for the first time in december 2020, we adopted the key document of the union, the development strategy of the

eurasian economic union for the purpose of implementation, which means that work to build mutually beneficial cooperation and trade economic ties in priority sectors. now you need real projects concrete results. uh, from our point of view. to do this, accelerate completion of joint projects of the member countries of the eurasian economic union, as well as to initiate new investment projects. it is also required to strengthen the interaction along the line. business to improve our so-called high- speed transcontinental corridors and thus , ensuring their regional and global competitiveness. particular attention, offering to pay attention to the issues of creating comfortable conditions for the relocation of foreign companies, taking into account the sanctions context. even the world giants are fine. understands the benefits of geo

economic location of the eurasian economic union in addition, it is impossible to ignore the potential of our 180 million consumer market. i propose to implement these measures within 12 months, the work can be built, in our opinion, within the framework of a high-level working group led by a profile member of the minister of the collegium of the eurasian economic commission, the interim report of the working group is proposed to be considered in december this year, the second in this difficult time of particular relevance acquires a question of expansion and deepening economic cooperation with third countries and integration intoxications. i already spoke about this at the meeting of the supreme council in october last year. this direction was also identified as one of the priorities of the kazakh chairmanship. in the bodies of the eurasian economic union

at the end of last year, a memorandum was signed, and we should reach mutual understanding with the shanghai cooperation organization. in my opinion , as soon as possible to transfer the work to a practical track, starting a discussion of specific projects and initiatives. today. we are kicking off negotiations on a free trade agreement with indonesia, negotiations are underway with india at the stage of development. uh, the agreement with mongolia, given by the vector in the current conditions, is of particular relevance, so the government commissions. in my opinion, this work should be accelerated, dear participants of the meeting. yesterday, the first eurasian economic forum took place, at which we discussed topical issues of the problem and ways to solve them, exchanged views on the future development of eurasian integration. we expect that the

agreements on the resolution of these two fruitful days will be continued as part of the further development of our association. i thank you for your attention. thank you allow the president of the russian federation vladimir vladimirovich putin to give the floor to you thank you, dear colleagues good afternoon i support those who spoke and gave a positive assessment of the activities of the eurasian economic union really within the framework. uh, eurasia, step up pace of integration construction. the efficiency of common markets is increasing. goods, services, capital, labor force step by step, a comprehensive common economic space of eurasia is being formed, as already noted? uh, on may 29, it will be 8

years since the signing of the fundamental agreement on evraz. and during this time we have come a really long way. uh, cooperation is developing, it is based on the principles of equal dialogue and mutual respect. strengthened and significantly strengthened our eurasian union did it, uh, really effectively turned it into an efficient and influential e, regional and economic body organization to face significant achievements in key areas of cooperation in trade, industry, finance and agriculture. and most importantly, in favor of the integration work, which we are consistently engaged in. citizens of our countries feel this in practice in their daily lives and we fully support the prepared decisions to declare may 29 the day of the eurasian union, thus a new significant date will appear on the calendar,

which unites our peoples and symbolizes the common commitment of the states, euroas-ses to the integration building. the fact that eurasian integration brings real returns is confirmed. confirm specific economic indicators at a steady pace , mutual trade between the state members of the union is growing according to the results, and in 2021, the volume of trade, according to our data, according to our statistics, brought in the order of three and amounted to 72 and sixty billion dollars, while the total gross domestic product of the countries the european union grew by 6 to 4.6%. in russia, it is slightly more than 4.70%. the increase in industrial production amounted to five and three tenths of the investment in fixed capital six and eighty, and the volume

of construction work performed was 5.4%. here in operation housing 12% turnover increased by 4.7%. it is important that our joint work is built on a systematic basis, the program of strategic development of the eurasian economic integration until 2025, economic departments and regulatory bodies are being consistently implemented. our countries continue their efforts to identify and eliminate the remaining restrictions and barriers to the free movement of goods, services, capital and labor in the internal market of the eurasian economic community. in the last two years alone, 30 such restrictions have been lifted. and, of course, life itself dictates the need to create a truly barrier-free single market in space. we are all convinced that closer integration will allow

our countries to become economically stronger and significantly reduce. uh, depending on the external including the political situation, the advantages of the integration course are especially obvious now in the current difficult international situation in the conditions. uh, well, practically aggression from some states is not friendly to us. uh, here uh, the president of belarus spoke about this specifically, but uh, we would like to note that the russian government is taking timely decisions for the stable functioning of markets and the financial sector. great attention is given to support key industries and system-forming enterprises significantly simplified the procedure for doing business reduced significantly reduced the administrative burden in order to maximize the freedom of

entrepreneurship. we are also working on increasing the availability of financing to replenish working capital to maintain bank liquidity. e in these. uh purposes. we are expanding the practice of settlements in national currencies in trade with those countries that have proven that they are reliable partners of russia. by the way, the share of payments in national currencies in mutual settlements of eu countries has already reached 75%. in this regard, i note that at the initiative of russia, the eurasian five adopted a number of. urgent anti-crisis measures aimed at minimizing the consequences of the sanctions on increasing the stability of our economies strengthening macroeconomic stability assistance to entrepreneurs and citizens of our states more than 30 anti-crisis decisions have already been approved by the eurasian economic commission. and this certainly has

its effect in the field of customs regulation. uh, since march, approved. uh, three packages of zeroing measures went to more than 1,600 items of critical imports and, as a result, savings to importers for e. next six months. it is possible to make about 800 million dollars. in addition, the requirements of technical regulations have been adjusted. union for price containment, the commission has adopted a duty-free threshold for the import of goods for personal use up to 1,000 euros. steps are being taken to import substitution and further deepen industrial cooperation between the union countries in strategic sectors, including civil aviation and pharmaceuticals, it is being prepared interstate program to expand the electronic computing infrastructure of

european countries continues to digitalize logistics corridors introduce high-tech customs administration services to develop and improve the quality of online commerce i believe it is important to continue to pay special attention to food security issues. well, you know that the situation is developing in the world. not just, uh, our country is making a very serious contribution to solving these problems, and russia and all, uh, other members of our organizations behave in the highest degree of responsibility today, our five countries, through their own production, fully cover domestic needs for key types of food and agricultural goods. considering that its mine is also the world's largest exporter, as i have already said , all possible measures are being taken in our organization.