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Official website of the President of Russia

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Supreme Eurasian Economic Council expanded meeting

December 6, 2018

Vladimir Putin chaired a meeting of the Supreme Eurasian Economic Council in expanded format.

The EAEU leaders coordinated, in particular, the programmes for developing common oil and gas markets, and discussed prospects for cooperation in space exploration. A number of documents were signed at the end of the meeting.

The documents signed include a Declaration on strengthening integration within the Eurasian Economic Union, an instruction On the Strategy for the Promotion of Integration Processes in the Eurasian Economic Union, as well as the decisions On the Formation of a Common Gas Market in the Eurasian Economic Union and On the Formation of Common Markets for Oil and Petroleum Products in the Eurasian Economic Union.

In addition, decisions on trade and economic cooperation between the EAEU and the People’s Republic of China and on the creation of a free trade zone between the EAEU and Iran were signed.

Other documents signed concern, in particular, the EAEU’s international activity in 2019 and cooperation between the EAEU member states in space exploration and geolocation services based on the national sources of the Earth remote sensing data.

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President of Russia Vladimir Putin: Colleagues,

We have just had extensive talks in a restricted format, discussed current issues related to the Eurasian Economic Union’s activities, and outlined a number of priority areas of further joint work which are reflected in a draft declaration on promoting integration within the EAEU, which we are to adopt today.

We all agreed that the major integration tasks include making the intra-union market more efficient, strengthening industrial cooperation, creating a common digital space, and better coordinating monetary, fiscal and credit policy.

Issues related to cooperation in our countries' key sectors were considered, and large-scale programmes for establishing common oil and petroleum product markets were coordinated.

Other topics of discussion included close interaction in space exploration, providing launch services for low-Earth spacecraft as well as satellite communication.

The heads of the delegations have pictures on their desks depicting the flags of the countries, EAEU members, which have been taken to the International Space Station, and photos of the Progress spacecraft that carried them to the ISS.

For the first time ever, the flags of the five nations made a unique, almost year-long voyage together in low-Earth orbit. This is a commemorative gift from the Russian chairmanship.


Now, turning to the agenda, we are to hear from Chairman of the Eurasian Economic Commission Board Tigran Sargsyan, but first, I would like to give the floor to President of Moldova Igor Dodon, who joined our expanded meeting as the head of an EAEU observer state.


December 6, 2018