CIS strengthens economic cooperation

Russian President Vladimir Putin said on December 26 that members of the Commonwealth of Independent States (CIS) support further expansion of the use of local currencies in common payments.

Speaking at an informal conference of CIS leaders in St. Petersburg, President Vladimir Putin affirmed that the transition process in using national currencies in common payments will ensure the economic and financial sovereignty of member countries.

Trade turnover between the CIS countries has shown steady growth in 2023. In the first 10 months of this year, intra-bloc trade turnover increased by 2% to $83.7 billion. The Russian President and the leaders of the CIS countries agreed to continue strengthening cooperation in other economic , cultural and humanitarian areas.

Russian President Vladimir Putin sees strengthening economic cooperation within the CIS as a priority when Russia takes over the CIS presidency in 2024. In June, CIS member states signed an agreement on free trade in services and investment, which is seen as a basis for strengthening economic cooperation. The Russian leader affirmed that it is necessary to strengthen industrial cooperation within the CIS to create new joint products, including common brands Made in CIS or Made in EAEU. In important areas, it is better to be independent because self-sufficiency is the basis of sovereignty. Russia will strive to build on the goal of maintaining security and stability in Eurasia through the CIS, creating a mechanism to combat terrorism and extremism, cross-border crime, drug trafficking and corruption. Cultural interaction is another important component of the CIS partnership.

Earlier, at the Bishkek, Kyrgyzstan summit, CIS members signed a Treaty establishing the International Russian Language Organization, headquartered in Sochi, Russia, to protect and promote the Russian language as a key to mutual understanding.

HUY QUOC

Source: https://www.sggp.org.vn/sng-tang-cuong-hop-tac-kinh-te-post720257.html