Starting January 1, Russia will take the helm as chairman of the Eurasian Economic Union (EAEU) – an organization that united Armenia, Belarus, Kazakhstan, Kyrgyzstan, and the Russian Federation back in 2015, TASS reports.
President Vladimir Putin announced the priorities of Russia's EAEU chairmanship for 2023 on December 9 at an expanded meeting of the Supreme Eurasian Economic Council in Bishkek. In assessing the EAEU's actions in 2022, he emphasized that this year showed the efficiency of cooperation within the organization. In the face of global market volatility and an adverse global political environment, the Union's member countries managed not only to stabilize the macroeconomic situation, but also to improve a number of key indicators.
Thus, trade in food and agricultural products expanded by more than a third in the first nine months of 2022. The labor market evolved, and the "Work Without Borders" system was introduced, with over 500,000 vacancies and 2 million resumes. More than 75% of bilateral settlements between the association's member countries were successfully transferred to national currencies.