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27 May 2022, 14:22

Japarov: EAEU should show that it can develop despite artificial barriers

Sadyr Japarov. Photo courtesy of Kabar news agency
Sadyr Japarov. Photo courtesy of Kabar news agency

MINSK, 27 May (BelTA) - We need to show it to the world that the EAEU can develop progressively despite the artificial barriers, Kyrgyzstan President Sadyr Japarov said at a meeting of the Supreme Eurasian Economic Council, BelTA has learned.

"The Union has shown resilience and the ability to overcome global economic challenges. Today we are up against the new ones. We again need to prove to the world that our integration, despite the artificial obstacles, can continue its sustainable progressive development," the Kyrgyzstan president said.

He stressed that the development of both the union and its individual members is complementary. In the context of global and regional challenges that have negative consequences for the socio-economic development of countries, the allies should support and help each other.

Transition to more predictable and stable algorithms and forms of settlement in national currencies is important for the financial stability of the EAEU states,

Sadyr Japarov stressed. "This is especially important in the light of the deteriorating geopolitical situation. In this regard, Kyrgyzstan fully supports the use of national currencies in mutual settlements for goods. We see it as one of the factors to reduce the pressure of imported inflation on the national economy, to level the risks associated with the volatility of foreign exchange rates," he said.

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