Russia Considers Ruble-Based Import Duties and EAEU Market Integration

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The Ministry of Finance of the Russian Federation has put forward a draft protocol concerning payments of import duties in rubles for member countries of the Eurasian Economic Union (EAEU), as reported by TASS. The proposal suggests modifications to the Eurasian Economic Union Agreement of May 29, 2014, specifically aiming to revise how import customs duties are allocated among EAEU states.

In the same briefing, former Prime Minister Mikhail Mishustin underscored the commitment of the EAEU to maintain stable and reliable supply chains for agricultural products both on domestic shelves and for international markets. He emphasized the importance of building a unified space for trade in goods, which would help ensure predictable access to foodstuffs and related inputs across the union.

During the remarks, the head of the Russian Cabinet highlighted a broader strategic objective: the development of common markets for goods and services within the EAEU. This effort is framed as a means to foster competitive conditions, reduce barriers, and harmonize regulatory practices across member states, thereby supporting economic growth and resilience in the region. [Source: TASS attribution]

Additionally, officials announced that Mishustin is scheduled to travel to Armenia on August 24–25 to participate in a meeting of the Intergovernmental Council of the Eurasian Economic Union. The gathering is planned to take place in the Tsaghkadzor resort town, located about 50 kilometers from Yerevan, with discussions expected to cover regional cooperation, trade facilitation, and joint development initiatives. [Source: official briefings]

Earlier analyses explored how fluctuations in the ruble could influence the national economy, including impacts on inflation, import costs, and overall macroeconomic stability. Analysts and policymakers continue to assess currency dynamics in the context of broader regional integration, export performance, and external trade relationships. [Analysts’ notes and government summaries]

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