30 September 2025, 15:27

EAEU prime ministers agree on key principles of supporting agricultural projects

MOSCOW, 30 September (BelTA) – The prime ministers of the Eurasian Economic Union member states agreed on approaches to developing financial support mechanisms for agricultural projects, the press service of the Eurasian Economic Commission (EEC) told BelTA.

The 30 September meeting of the Eurasian Intergovernmental Council in Minsk resulted in an agreement on the core principles for a financial support mechanism for joint EAEU agricultural projects. This includes the source of funding, the form of support, and its main terms. “The mechanism provides for the subsidization of interest rates on loans from the EAEU budget, conditional on the borrower fulfilling specific project implementation requirements,” the EEC clarified.

This same support mechanism has been available for manufacturing sector projects since 2024. For the agricultural sector, however, it represents a new measure designed to stimulate cooperation among EAEU member states.

“This financial instrument is a significant step forward, enabling joint projects in agriculture. It will allow the EAEU member states to leverage the common market’s scale, combine technological and manufacturing strengths, and capitalize on favorable economic conditions,” the EEC noted.

Interstate projects in crop breeding and seed production, livestock farming, advanced processing, and agricultural infrastructure development have been recognized as promising.

“The Eurasian Economic Commission, in collaboration with the member states, will now develop the regulatory framework for the mechanism based on the approaches agreed at the meeting. This framework will define the procedures for selecting cooperation projects and providing the financial assistance for their implementation,” the EEC added.