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Mikhail Myasnikovich: “It is fundamentally important to move from the psychology of competition to the psychology of cooperation.”

Mikhail Myasnikovich: “It is fundamentally important to move from the psychology of competition to the psychology of cooperation.”


Only by joint efforts can the Eurasian Economic Union Member States achieve the maximum economic effect. This was stated by Mikhail Myasnikovich, Chairman of the EEC Board, at the international forum “Promoting Eurasian Economic Integration: a Factor of Business Cooperation” held on May 15 as part of the “Russian Business Week 2020”.

“It is fundamentally important to move from the psychology of competition to the psychology of cooperation and complementarity of the EAEU countries' economies,” Mikhail Myasnikovich emphasized. “For example, when the countries just faced the coronavirus, they tended to protect, first of all, their markets, their populations.” But we should pay tribute to the Union States' leaders: none of our countries has stood apart; they have been making agreed decisions, thus continuing to support each other. Certainly, the State's economic self-sufficiency is essential, but the maximum effect can only be achieved by joint efforts.”

The head of the EEC Board considers it necessary to combine the potential of leading national companies of the Union countries. It will enable establishing large competitive Eurasian multinational corporations. He noted that the national business would not solve this problem on its own. Likewise, the national government structures would not succeed on their own. The states and business structures should combine their efforts at the supranational level.

At the same time, Mikhail Myasnikovich is confident that large integration structures can receive various types of support and preferences from the respective states, especially in their initial development stage. First of all, we mean those "included in integration chains, working to create highly competitive industries and goods."

The Chairman of the EEC Board told about the Commission's cooperation with the business community. In his opinion, an example of efficient interaction includes the participation of the business community representatives in preparing the draft Strategic Directions for Developing Eurasian Integration until 2025. Nevertheless, according to him, the cooperation has not been used to its full potential, and we should enhance interaction. We should conduct an open dialogue, and the Commission is fully committed to it. Mikhail Myasnikovich expects the business, state authorities, and the society of all EAEU countries as a whole to show a higher level of confidence in integration processes and institutions. Only then can the Eurasian Economic Union continue its development most successfully.

He drew attention to a particular gap between the availability of a political will that fostered the Union countries to adopt at the highest level the decisions necessary to deepen integration and “the national acts that not always contain appropriate decisions in a specific format”.

Mikhail Myasnikovich reported on the EEC activities during the pandemic and emphasized that the Union countries' leaders were coordinating their efforts with the Commission to find optimal economic and legal solutions: “The main thing is that everyone is eager to consolidate efforts to overcome the difficult situation our economies are currently facing. It is a real challenge for our integration association. ”

Answering a question from a media representative about developing a vaccine against coronavirus in the EAEU, the head of the EEC Board stressed that the parties were holding mutual consultations on this issue, scientists and experts had appropriate research findings. At the same time, he noted that the Union had “a very poor pharmaceutical market in general, the EAEU states were buying pharmaceutical substances and finished medicines in large quantities from third countries.”

“We should implement a powerful joint program to manufacture pharmaceuticals, possibly involving the third countries that are highly competent in this area,”
Mikhail Myasnikovich summed up.​