Economy

EAEU states cope well with economic after-effects of pandemic

EAEU states cope well with economic after-effects of pandemic

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MOSCOW, 12 May (BelTA) – The economies of the member states of the Eurasian Economic Union (EAEU) are coping well with the consequences of the coronavirus pandemic, Chairman of the Board of the Eurasian Economic Commission (EEC) Mikhail Myasnikovich told the media on 12 May, BelTA has learned.

“In the first quarter, in the first four or five months [of 2021], the economies of our countries have been showing quite a steady growth. First of all, we have very good results in the manufacturing industry in Belarus, Kazakhstan and Russia, in comparison with the previous year. This proves that the consolidation of efforts, the mutual complementarity help overcome quite difficult things imposed by other states [sanctions], and of course, the consequences of the COVID-19 pandemic. This means that the economies are overcoming this difficult situation, especially with regard to the post-COVID affairs and restrictions that have been in place,” Mikhail Myasnikovich said.

Mikhail Myasnikovich also hailed the economic growth in the agricultural sector of the EAEU countries. “Issues related to food security and others instill confidence that the economies of our five states – Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia – have been developing quite successfully, and I think that the tasks that we have set forth pursuing the political will of the presidents of our states and that are reflected in the strategic directions of Eurasian integration through 2025 that they signed on 11 December 2020 will certainly be achieved,” Mikhail Myasnikovich said.

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