Statement by the Federation Council of the Federal Assembly of the Russian Federation on Eurasian Economic Union Day

A few days before Eurasian Economic Union Day on May 29, established by decision of the Supreme Eurasian Economic Council, the Federation Council declares that Eurasian integration has proven its effectiveness and viability.

The Eurasian Economic Union (EAEU) has successfully passed the stage of formation and achieved significant results in integration work. Mutual trade is growing fast among the EAEU member states, as is economic cooperation with third countries.

The senators of the Russian Federation note that the EAEU members’ interest in deepening cooperation is prompted not only by the commonality of their values, traditions and cultures, but also by their sincere conviction that the further development of Eurasian integration fully meets their national interests.

Manifestations of crisis continue to grow in international relations today. The collective West is persistently trying to impose on the international community a neo-colonial world model – a rules-based international order. The goal of the United States and its satellites is to make sovereign states accept Washington’s unilateral political, financial and economic diktat.

Under these conditions, the EAEU is becoming a telling example of cooperation based on respect for the sovereign equality of all states and strict observance of the universally recognised principles and norms of international law enshrined in the United Nations Charter.

During the Russian chairmanship of the EAEU bodies, the Federation Council intends to specifically focus on facilitating the implementation of the ambitious goals of the EAEU. Among them are ensuring the technological independence of key economic sectors, food security, digital transformation, common energy and financial markets, transport infrastructure development, building up scientific and youth exchanges, and encouraging investment.

The senators of the Russian Federation wish all the best to the citizens of the EAEU member states on Eurasian Economic Union Day and call on the parliamentarians in the EAEU member states to consolidate efforts to provide legislative support for Eurasian integration.

The Federation Council proposes that the parliaments of non-EAEU states promote the expansion of trade and economic ties with the Eurasian Economic Union and expresses confidence that this will pave the way for the development of constructive interstate relations.

Federation Council of the Federal Assembly of the Russian Federation