Trade among Eurasian Economic Union member countries up 9% in 8 months of 2023
YEREVAN, November 16. /ARKA/. The mutual trade within the Eurasian Economic Union (EEU) in January-August 2023 increased by almost 9% year-on-year to about 4.5 trillion rubles ($50.2 billion), Russian Deputy Minister of Economic Development Dmitry Volvach said on Wednesday, Tass reported.
GDP of the EEU member countries grew by 3% in the first nine months of this year, despite the sanctions pressure against Russia and Belarus, he said.
About 90% of trade in goods in the EEU is carried out in national currencies, he added. The EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia.
According to official figures, Armenia's largest foreign trade partners among former Soviet republics in the first eight months of 2023 were Russia (over $4.1 billion, up 56.3% compared to the first eight months of 2022), Belarus ($136.6 million, up 27.1%) and Ukraine ($61.5 million, up 18.1%). -0-
