Translation. Region: Russian Federal
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Alexey Overchuk: Developing the economy together with Eurasian partners is more profitable than doing it alone
S. Bolotov: What were the countries striving for when they agreed to establish the union and did they manage to get what they wanted?
A. Overchuk: The Eurasian Union is an economic integration association of five states of Northern Eurasia. If we proceed from the theory of integration, then the development of economies and the improvement of people’s living standards depend on freedom of trade and accessibility to large foreign markets. Russia is a large market, due to which it is an economic center of attraction for neighboring economies. For the countries of the region, Russia is the geographically closest country, whose trade accessibility is determined by its decision to develop common markets for goods, services, capital and labor with them. At the same time, Russia receives benefits not only from economic integration, but also other advantages. By promoting the well-being of our neighbors, we create conditions for our own creative development, and this is no longer just an economic category.
The processes taking place in the post-Soviet space have deeper roots than the framework of interaction defined by the EAEU law. In some ways, this promotes the development of integration, and in others, it slows it down. Therefore, the joint advancement of the countries of the Eurasian five is a constant testing of a possible path of coordinated development based on mutual respect for interests and consensus decision-making. States never have completely coinciding interests, so the results of integration do not always coincide with their expectations, but all participants share an understanding of the fundamental reasons for integration and receive benefits from it.
Imagine if we didn’t have the EAEU today? It would mean that we are fenced off from our closest neighbors by customs barriers and technical regulations. Manufacturers from Russia and partner countries would incur much higher costs for moving goods across borders, and they would need to specifically adapt their products to the requirements of individual country markets. As a result, they would have worse competitive conditions in the markets of neighboring countries and less income.
The GDP growth in the EAEU member states in recent years speaks for itself – plus 4.4% for the EAEU as a whole in 2024. This is significantly higher than the global average rate, estimated at 3.3%.
Our countries are jointly strengthening transport and logistics connectivity both within the EAEU and with our closest neighbors. The plan to connect the EAEU with China’s “One Belt, One Road” initiative is being implemented, and we are jointly developing the “North-South” international transport corridor, as well as other transcontinental land routes that allow us to better realize our competitive advantages in Greater Eurasia.
Last year, we took a very important step towards stimulating the development of industrial cooperation ties and creating conditions for the inclusion of small economies of the union in this process.
GDP growth in the EAEU member states speaks for itself – 4.4% in 2024 against the world average of 3.3%
The EAEU has moved to practical support for industry by subsidizing the interest rate on loans for projects involving representatives of three or more EAEU member states. Business is beginning to master this tool, which allows for lower lending costs. The first projects have already been approved.
The issue of extending similar support measures to agriculture is currently being considered at the Eurasian Economic Commission. I do not rule out that in the future we will put forward a proposal to stimulate the strengthening of cooperative ties in the construction of transport and logistics facilities.
S. Bolotov: Economists say that a market of at least 300 million people is needed for serious investments in modern production to pay off. The USA, the European Union, China or India have such a population and market, but the EAEU countries have about 185 million people. Where can we find more consumers?
A. Overchuk: Our union is a large common market, where all five member states are interested in the growth of their economies. To do this, it is necessary not only to create better conditions for doing business in the common domestic market, but also to promote goods from the EAEU for export. Access to foreign markets is necessary to gain advantages from the economy of size, increase sales and income growth, and to do this, it is necessary to negotiate better conditions with foreign partners. When it comes to concluding free trade agreements, our five countries together have a stronger negotiating position.
The EAEU already has such agreements with Vietnam and Serbia, and another one has been in force since May 15, 2025, with Iran. This is in addition to our 185 million people, plus approximately another 190 million. We are now close to signing agreements with two countries, and negotiations are still underway, which will also improve the accessibility of foreign markets for EAEU producers. Of course, there is no direct calculation here, each agreement is unique and in each case covers certain product positions, but in general, this expands the opportunities for investment recoupment.
At the same time, it is not only free access to the market and its capacity that are important. Interest in purchasing the final imported product also depends on the participation of a particular country in the international supply chain, the availability of investments and corresponding jobs on its territory. Then you get a competitive product that will be produced, bought and consumed. This is precisely why we are developing industrial cooperation and transport connectivity both within the EAEU and the CIS, and with the countries of Greater Eurasia.
S. Bolotov: How big can a free trade area become?
A. Overchuk: Perhaps we should not speak in terms of creating a large free trade zone. The signing of each agreement is the result of an agreed balance of benefits and losses that may arise if it comes into force. There are economies with which our five, for various reasons, will probably not come to such decisions very soon.
At the same time, we see that Eurasia has enormous creative potential, where the countries of the north and south strive for development and do a lot for this. There are such international associations as the SCO and ASEAN, BRICS, building relations on mutual respect of the participating parties. For our part, we consider the EAEU as the center of economic crystallization of Northern Eurasia, which has achieved a high level of social and economic development, and has also generally solved the problems of food and energy security. This makes our five an attractive partner for the countries of the Global South, which still cannot overcome the consequences of colonial dependence on the countries of Western Europe.
Eurasia has enormous creative potential, where the countries of the north and south strive for development and do a lot for this
Many of these countries are drawn to Russia. We see this both from the number of world leaders who visited our country on May 9 and from the participation and discussions within the framework of the Russia-Africa forums. These are dozens of states with a population of billions of people, and each of them has its own characteristics and interests. The world is diverse, and approaches to building mutually beneficial and respectful relations can be much more variable than the creation of free trade zones.
In 2015, President Vladimir Vladimirovich Putin put forward the initiative of the Greater Eurasian Partnership. Its implementation involves the creation of an open integration circuit on the Eurasian continent through the consolidation of the efforts of all states and regional associations based on the EAEU, SCO and ASEAN. This is about linking national and regional projects, creating conditions for socio-economic progress and equalizing the levels of development of individual countries based on strengthening transport and logistics connectivity, technological re-equipment and strengthening cultural and humanitarian ties. This is a major civilizational project that is just beginning to take shape, and work on it is more comprehensive than negotiations on the creation of free trade zones with individual countries.
S. Bolotov: And the EAEU itself does not plan to expand?
A. Overchuk: The attractiveness of international integration associations is determined by their benefits for the participating states and how they position themselves. The EAEU is a young integration association, it is only ten years old. It is still in the formation stage. Many issues still need to be resolved, and much still needs to be agreed upon.
The business community and people in the five EAEU countries are beginning to realize the advantages of union integration. They see that intra-union trade has fewer barriers and is more convenient than trade with third countries, which is proven by its faster growth rates. This is especially noticeable in the example of Armenia and Kyrgyzstan, which joined somewhat later and in a short time, thanks to the accessibility of a large market, have significantly raised their economies and living standards. The economy of Kazakhstan is actively developing, where a large number of significant industrial, energy, and transport and logistics investment projects are being implemented and where agriculture is reaching a new level. Belarus, with which Russia has deep integration relations within the Union State, is successfully developing high-added-value production. In the context of the formation of a multipolar world, the growth of tariff barriers, the decline in the effectiveness of the WTO system, the breakdown of international supply chains and the growth of economic threats, all countries of the world will strive to find regional partners with whom they can establish sustainable integration ties. As global challenges mount, our neighbors will want greater predictability for their economies and will see the EAEU as a kind of “safe haven” where they are treated with respect and their interests are taken into account.
It is also necessary to understand that our integration association is developing on the basis of a balance of interests of the five member states. It has already managed to turn into a very complex system, has formed its own law, has acquired requirements and is actively promoting international trade and economic relations. The accession of new states to the union will already be a more complex process than, for example, several years ago. If someone decides to go this way, then they will have to do a lot to comply with our standards and rules.
At the same time, when coordinating the possibility of joining a particular country, member states will decide what level of integration and with whom best meets their interests. We also understand that this is a mutual process. For our part, by granting interested countries the status of an observer state, we allow them to get a better idea of the internal structure of the EAEU and make a more informed choice. Today, Iran, Uzbekistan and Cuba are observers of the EAEU.
Along with this, due to deep historical, cultural, humanitarian and economic ties, there is a high degree of integration with the CIS member states, which allows them to a large extent to receive similar integration advantages from proximity to Russia. The EAEU member states form the backbone of the CIS, which predetermines the trajectory of convergence of the EAEU and CIS law. Such work is underway.
The EAEU is open not only to the countries of the post-Soviet space. In addition, the EAEU member states are already adopting multilateral agreements that are accessible for accession by states that are not part of our integration association. So there are many ways for mutually beneficial integration.
S. Bolotov: Prices for gas, other fuel and raw materials, as well as food from Russia for partners in the EAEU are significantly lower than on the international market. Will it not turn out that our country will give them more than it receives in return?
A. Overchuk: These are our allies and closest neighbors. Our well-being largely depends on their proximity to Russia. We are interested in our countries developing together, their standard of living rising, their economy growing, and us all prospering together. If the EAEU consists of successful countries connected by numerous threads, then we will ensure our peaceful development. Accessibility of resources and a common market are the basis for the common well-being of us and our neighbors.
Such mutual dependence imposes a special responsibility on Russia as the largest economy in our integration. It is necessary to calculate the consequences of decisions taken for countries that have transferred part of their sovereignty to the level of the EAEU. Therefore, we have introduced a rule to check all regulatory legal acts being prepared for compliance with the law of the union.
S. Bolotov: No one objects to the free movement of goods, but when it comes to labor migration, doubts arise. Will this not harm Russia’s national interests?
A. Overchuk: This is indeed a very complex topic, and there are different points of view. The demographic situation, demand for labor and its cost are such that in order to develop the economy and curb inflation, it is necessary to attract labor migrants. Of course, part of this problem can be solved by introducing advanced technologies and increasing labor productivity, but this is a longer-term solution that requires investments, which are especially expensive today.
On the other hand, all over the world, and Russia is no exception, the influx of labor migrants creates problems caused not only by the peculiarities of the labor market, but also by cultural differences, ignorance of laws and the language barrier, which leads to the formation of isolated national diasporas, an increase in crime and conflict situations. We are all watching how the replacement of the indigenous population in Europe is taking place, and many do not feel positive about it. The question is how to make the problems of labor migration less painful for society.
The EAEU law helps to relieve some of the tension associated with the movement of labor between countries. It allows citizens of Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia working outside their countries to enjoy the same rights as citizens of the country where they live and work. They are subject to the same personal income taxes. The absence of differences in the treatment of citizens of the EAEU member states creates better conditions for the integration of these people into our society, affects their quality of life, makes them confident in their rights, less dependent on diasporas, and largely cuts the ground from under the feet of crime associated with labor migration. This largely explains why we would like to expand the EAEU at the expense of countries that send us the largest number of labor migrants.
Of course, there are differences due to traditions and culture. Knowledge of the language of the host country is also very important. Historically, in the former USSR, Russian is the language of interethnic communication, which, in addition to familiarization with the great Russian literature, culture, science and education, allows people from different countries to communicate with each other, live side by side, develop together, conduct business, work, negotiate and avoid conflicts.
Unfortunately, perhaps, in all post-Soviet countries the establishment of independence was associated with distancing from Russia and a reduction in the use of the Russian language. Attempts to displace the Russian language from the spheres of education, culture and public administration are still ongoing. To a large extent, this is facilitated by countries unfriendly to us, striving to reduce Russia’s influence in the region by dividing our peoples and perfectly understanding the importance of the Russian language as a link between the entire space of Northern Eurasia.
At the same time, knowledge of foreign languages opens access to new knowledge, cultures and better employment conditions. In our region, the truth is that the successful development of post-Soviet countries is directly dependent on their proximity to Russia, access to the Russian education system, culture and ability to communicate with each other in Russian.
Today, having received some negative experience, our neighbors are coming to understand the importance of the Russian language and the Russian education system for their further development. There is a growing awareness that the distance from Russia has had a negative impact on the quality of education. Hence, neighbors are seeing an increased demand for children to study in schools with instruction in Russian, especially if the classes are taught by teachers who have come from Russia.
That is why we receive requests to send Russian teachers, conduct internships in Russia for Russian language teachers, build Russian schools that operate according to Russian educational standards, organize branches of Russian universities, increase quotas for admission of young people to Russian universities, hold days of Russian culture, support Russian theater in their countries, and much more. And this is what our departments are actively engaged in today.
The Russian language is the common heritage of all countries of Northern Eurasia, and the International Organization for the Russian Language was established by the CIS member states to disseminate and protect it.
We must not fall for the bait of those who, acting on the principle of “divide and rule”, seek to distance post-Soviet states and people from Russia, who just over thirty years ago had the same passports as us and who continue to gravitate towards Russia. Many can still say that we were born in the same country, we are united by a common history, values and belonging to a single civilization, they want their children and grandchildren to think the same way – this is what we strive to preserve. So why follow the lead of those who seek to destroy it? Therefore, we patiently carry out creative work to preserve and spread the Russian language, our education and culture in the countries of the former USSR.
It is these efforts that will provide the level of knowledge necessary for the conflict-free integration of labor migrants into our society. And this is most important, since the success of economic integration and the common future of our countries depend on the relations between people.
Historically, in the former USSR, Russian is the language of interethnic communication
S. Bolotov: What is better for Russia, to be the most European country in Asia or the most Asian country in Europe?
A. Overchuk: Our history spans many centuries, during which the peoples inhabiting Northern Eurasia, including the Slavs, absorbed much from both Asia and Europe. At the same time, unlike the Western civilization that places itself above others and the colonial empires built by the Europeans, the peoples of our countries developed at the expense of their own resources and mutual trade, generously shared among themselves, as was the case under the USSR, even the latter, and carefully treated the traditions and culture of all the peoples inhabiting the vast space from the Carpathians to the Pacific Ocean. This is precisely why a unique civilizational community of peoples was formed in Northern Eurasia, which for many centuries has retained the ability to self-recovery, maintain human relationships and develop together.
The Mongol Empire, which had united this vast space, broke up into separate uluses, leaving behind elements of state administration and a financial system that still exist today, memories of the Great Silk Road, and a tolerant attitude towards diverse cultures and religions. Parts of this eastern empire were gathered by the Moscow Principality into the Russian Empire, which took much from the West and passed the baton to the Soviet Union, under which the peoples who inhabited it, having made a leap in their social and economic development, formed the basis that allowed them to transform into new independent states.
Modern Northern Eurasia, of which Russia is a part, consists of independent states that are united by a common great history, values, trade and economic ties and belonging to a unique Eurasian civilization that cannot be called either Asian or European. And the task of Eurasian integration is to preserve this heritage and create conditions for a common prosperous future for the numerous peoples inhabiting this vast space.
Source – “Rossiyskaya Gazeta”
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.