2/3, 10:17 AM (Source: TeleTrader)
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EAEU aims to become a multipolar, de-dollarized organization

The Eurasian Economic Union (EAEU) will continue to strengthen as a multipolar organization, Russian Prime Minister Mikhail Mishustin said Friday while addressing a meeting of the Eurasian Intergovernmental Council. His remarks come at the same time as those of Belarus Prime Minister Roman Golovchenko, who asserted at the same meeting that the countries of the bloc had taken tangible steps to embark on the path of de-dollarization.

"After long conversations and theoretical disputes, we have moved on to real steps to de-dollarize the economy. The process of getting rid of foreign currencies that have compromised themselves in foreign trade is proceeding at a faster pace," Golovchenko stated. According to him, on this front, a "decent" result has been achieved as three-quarters of the settlements in the EAEU are carried out in local currencies.

The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. According to the body, in 2021, its population amounted to 184 million people, and its combined GDP reached $3 trillion.

Baha Breaking News (BBN) / JG