During a session of the Supreme Eurasian Economic Council, the head of Russia, Vladimir Putin, highlighted a significant shift in the trade dynamics of the Eurasian Economic Union (EAEU). He cited data indicating that national currencies constitute more than 90 percent of the exchange provisions among EAEU member states. The claim, reported by TASS, underscores a trend toward greater monetary independence within regional commerce and signals a strategic pivot away from reliance on a single global reserve currency. In noting this milestone, Putin emphasized that the share of rubles, soms, tenges, and somoni in bilateral and multilateral trade agreements among EAEU nations is not only high today but is expected to rise further as economic integration deepens and policy coordination improves across the bloc.
Putin restated that the proportion of settlements conducted in national currencies should and will continue to grow. He framed the statistic as a marker of economic sovereignty and a practical step toward reducing exposure to external financial volatility. The assertion was presented as part of a broader discussion on strengthening intra-EAEU financial cooperation, including the harmonization of payment systems, currency risk management, and the creation of a more predictable environment for cross-border transactions. The underlying message conveyed the belief that a robust regional currency architecture can contribute to stability and growth by limiting the need for frequent currency conversions and by facilitating swifter settlement cycles among member economies.
In addition to currency considerations, Putin announced that all members of the Eurasian Economic Union Council had reached consensus on approving a program document, described as the final declaration for the current phase of integration. The document, he indicated, lays out concrete steps to intensify joint efforts in key sectors and to identify additional areas where cooperation could yield tangible benefits. This alignment among member states is presented as a foundation for accelerating collaborative projects, including sectors such as energy, agriculture, infrastructure, and technology, where coordinated policies and shared standards can boost efficiency and competitiveness across the union.
Moreover, Putin expressed confidence in continuing support from fellow member states as the EAEU pursues its strategic agenda. Armenia, in particular, reiterated its readiness to contribute to and benefit from deeper regional cooperation, highlighting a stated willingness to assist and participate in ambitious development initiatives. This consensus reflects a broader spirit of mutual assistance and shared responsibility as the EAEU seeks to navigate global economic challenges while expanding opportunities for its citizens. The dialogue among leaders reinforces the view that visible progress on economic convergence can accompany political unity, reinforcing stability and ambition across the region.
Looking ahead, observers note that the emphasis on monetary alignment, coupled with a formal declaration of cooperative intent, signals a sustained push toward a more integrated Eurasian market. The combination of currency reliability and policy coherence is likely to influence investment decisions, cross-border trade, and the pace of industrial modernization within member states. Analysts may watch closely how these commitments translate into concrete measures, such as streamlined customs procedures, synchronized regulatory frameworks, and joint investment programs. The overall trajectory suggests that the EAEU is aiming to build a durable, multi-dimensional partnership that can withstand external economic pressures while fostering domestic growth and employment across its diverse economies.