Share of settlements in national currencies within EAEU at 93%

The share of settlements in the national currencies between the countries of the Eurasian Economic Union (EAEU) stands at 93%, Russian President Vladimir Putin said at an expanded meeting of the EAEU.

"The Eurasian Union has established a stable and independent payment infrastructure. Moreover, almost all mutual settlements are carried out in the national currencies. Their share in the commercial transactions between the EAEU states amounts to 93%," Putin said.

The Russian president said that the association had implemented a 5-year strategy for Eurasian economic integration.

According to him, many trade barriers have been eliminated, tariff regulation and administrative procedures have been harmonized.

"Customs and tax policy coordination has been improved. A mechanism for supporting cooperative projects has been launched," Putin said.