Economic potential

The President of the Russian Federation
Vladimir Putin

"Our ambitious goal is to come to a Eurasian Union. We propose a model of a powerful supranational association capable of becoming one of the poles in the modern world.

Natural resources, capitals, strong human potential all added up will help the Eurasian Union be competitive in the industrial technological race, in the competition for investors, for creation of new jobs and advanced productions. And along with other key players and regional structures—ensure stability of the global development.

Only united will our countries be able to join the leaders of global growth and civilized progress, achieve success and prosperity."

Geography

Territory: 17.1 mln sq. km

Population: 145.56 mln people

Capital: Moscow, 12.6 mln citizens

Economic Indicators

In 2021, the gross domestic product at current prices was 131,015 bln Russian rubles (1,763.5 bln US dollars). The volume index relative to 2020 was 104.7%.

The industrial output at current prices in 2021 was 91,640.6 bln Russian rubles (1,244.3 bln US dollars). The industrial production index in 2021 to 2020 was 105.3%.

The oil production, including gas condensate, in 2021 amounted to 524.0 mln tons or 3,592.4 kg per capita.

The natural gas production in 2021 amounted to 763.5 bln m3 or 5,234.3 m3 per capita.

The agricultural output at current prices in 2021 was 7,572 bln Russian rubles (102.8 bln US dollars). The physical volume of agricultural output index relative to 2020 amounted to 99.1%.

The exports of the Russian Federation in 2021 amounted to 493.3 bln US dollars (in 2020, it was 338.6 bln US dollars).

The imports of the Russian Federation in 2021 amounted to 296.0 bln US dollars (in 2020, it was 234.0 bln US dollars).

Major industries

Oil and gas production, processing of precious stones and metals, aircraft engineering, rocket and space production, nuclear industry, manufacture of weapons and military equipment, electrical engineering, pulp and paper industry, motor-vehicle industry, transport, road and agricultural machinery, light and food industries.

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Major rivers, length within the country, km: Lena River—4337, Yenisei River (and Angara River)—3,844, Ob River—3,676, Amur River—2,855

Major lakes, thousand sq. km: Caspian Sea—371, Lake Baikal—31.5, Lake Ladoga—17.7, Lake Onega—9.7

Highest altitude: Mount Elbrus — 5,642 m

Monthly mean temperature:
January: from 0° С, -5° С (North Caucasus) to -40° С, -50° С (Eastern Sakha Republic Yakutia);
July: from + 1° С (Northern coast of Siberia) to + 24-25° С (Caspian Depression)

The President of the Republic of Belarus
Alexander Lukashenko

"For Belarus, a deep productive integration with the closest neighbors has been, is and will always be a natural path of the development. Two referendums—with an absolute majority—gave the authorities a clear mandate for integration. 

The best practices of integration within the Union State allow for their reasonable and confident application in a wider multilateral format. It is important for the Union State, Customs Union and Single Economic Space to enrich and complement one another. 

Today we are coming to the implementation of the decisions conventionally called momentous. Our determination to enhance integration is not accidental. It's a manifest coming from life."

Geography

Territory: 207.6 ths sq. km

Population: 9.26 mln people

Capital: Minsk, population 2.0 mln citizens

Economic Indicators

In 2021, the gross domestic product at current prices was 173 bln Belarusian rubles (67.9 bln US dollars). The volume index relative to 2020 is 102.3%.

The industrial output in 2021 amounted to 155.9 bln Belarusian rubles (61.4 bln US dollars). The industrial production index in 2021 to 2020 was 106.5%.

The oil production, including gas condensate, in 2021 amounted to 1.7 mln tons or 182.7 kg per capita.

The natural gas production in 2021 amounted to 0.2 bln m3 or 21.5 m3 per capita.

The agricultural output at current prices in 2021 was 25 bln Belarusian rubles (9.8 bln US dollars). The physical volume of agricultural output index relative to 2020 amounted to 95.8%.

The exports of the Republic of Belarus in 2021 amounted to 39.9 bln US dollars (in 2020 it was 29.2 bln US dollars).

The imports of the Republic of Belarus in 2021 amounted to 41.8 bln US dollars (in 2020 it was 32.8 bln US dollars).

Major industries

Metal industry, engineering industry, metalworking, chemical and petrochemical, light, and food industries.

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Major rivers, length within the country, km: Dnieper River—700, Berezina—561, Pripyat River—495, Sozh River—493, Neman River—436, Ptsich River—421 

Major lakes, sq. km: Lake Naroch—79.6, Lake Osveya—52.8, Lake Chervonoye—40.8, Lake Lukomlskoye—37.7, Dryvyaty—36.1 

Highest altitude: Dzyarzhynskaya Hara — 345 m. Monthly mean temperature: January: -4.8° С; July: +20.6° С

The President of the Republic of Kazakhstan
Kasym-Zhomart Tokayev

"For the first time in history, the Customs Union of Kazakhstan, Russia and Belarus brings our nations together on the basis of mutual respect, preservation of national identity and awareness of our common future's continuity. 

A consistent transformation of the Customs Union into the Single Economic Space, and later on—into the Eurasian Economic Union will become a great impetus for our nations' prosperity. It will take our countries to leading positions in the world. 

We are all witnessing the birth of a new unique Eurasian community of nations that has both extensive experience of the common past and an indivisible joint future."

Geography

Territory: 2,724.9 ths sq. km

Population: 19.12 mln people

Capital: Nur-Sultan, 1.2 mln citizens

Economic Indicators

In 2021, the gross domestic product at current prices was 82,208 bln tenge (190.4 bln US dollars). The volume index relative to 2020 is 104.1%.

In 2021, the industrial output amounted to 37,047.6 bln drams (87.0 bln US dollars). The industrial production index in 2021 to 2020 was 103.8%.

The oil production, including gas condensate, in 2021 amounted to 85.7 mln tons or 4,509.9 kg per capita.

The natural gas production in 2021 amounted to 54.3 bln m3 or 2,857.5 m3 per capita.

The agricultural output at current prices in 2021 was 7,550 bln tenge (17.7 bln US dollars). The physical volume of agricultural output index relative to 2020 amounted to 97.8%.

The exports of the Republic of Kazakhstan in 2021 amounted to 60.3 bln US dollars (in 2020, it was 47.5 bln US dollars).

The imports of the Republic of Kazakhstan in 2021 amounted to 41.2 bln US dollars (in 2020 it was 38.9 bln US dollars).

Key Industries

Ferrous and non-ferrous metallurgy, chemical industry, mechanical engineering, light and food industry, as well as petroleum refining and production of construction materials.

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Major rivers, length within the country, km: Ertis (Irtysh) River—1,698, Esil (Ishim) River—1,400, Syr Darya—1,400, Jay?q (Ural) River—1,082 

Major lakes, thousand sq. km: Caspian Sea—371, Aral Sea—41.0, Lake Balkhash—18.2 

Highest altitude: Khan Tengri (Saryzhas Range)—6,995 m 

Monthly mean temperature:
January: from -1.4° С (in the South) to -24.6° С (in the North),
July: from +18.1° С (in the North) to +30.6° С (in the South)


The President of the Kyrgyz Republic
Sadyr Zhaparov

"Integration of the Kyrgyz Republic into the Eurasian economic Union has been and remains a priority in the country's foreign economic policy. We attach great importance to this Association and are aimed at further development of productive and fruitful cooperation with the countries of the Union»

Geography

Territory: 199.9 ths sq. km

Population: 6.75 mln people

Capital: Bishkek, 1.1 mln citizens

Economic Indicators

In 2021, the gross domestic product at current prices was 723 bln soms (8.5 bln US dollars). The volume index relative to 2020 was 103.6%.

In 2021, the industrial output amounted to 357.2 bln soms (4.2 bln US dollars). The industrial production index in 2021 to 2020 was 109.0%.

The oil production, including gas condensate, in 2021 amounted to 0.3 mln tons or 44.8 kg per capita.

The natural gas production in 2021 amounted to 0.02 bln m3 or 3.0 m3 per capita.

The agricultural output at current prices in 2021 was 324 bln soms (3.8 bln US dollars). The physical volume of agricultural output index relative to 2020 amounted to 95.0%.

The exports of the Kyrgyz Republic in 2021 amounted to 1.7 bln US dollars (in 2020 it was 2.0 bln US dollars).

The imports of the Kyrgyz Republic in 2021 amounted to 5.6 bln US dollars (in 2020, it was 3.7 bln US dollars).

Major industries

Agriculture, hydraulic power industry, non-ferrous metal industry, metal mining industry, engineering industry, instrument making industry, light and food industries.

Additional Information

The largest rivers, length within the country, km: Chu - 1,300 

The largest lakes, ths. sq km: Issyk Kul – 6 

The highest mountain: Pobeda Peak – 7,439 m 

Average monthly temperature: 
January: from -2.2°С to -29.1°С 
July: from +4.1°С to +26.8°С


Prime Minister of the Republic of Armenia
Nicol Pashinyan

«We are committed to active interaction with the EEU partners in the interests of the practical achievement of the freedom of movement of goods, services, labor and capital, as well as the introduction of preferential economic cooperation regimes governed by the law of the Union»

Geography

Territory: 29.7 ths sq. km

Population: 2.96 mln people

Capital: Yerevan, 1.1 mln citizens

Economic Indicators

In 2021, the gross domestic product at current prices was 6,983 bln drams (14.5 bln US dollars). The volume index relative to 2020 is 105.7%.

In 2021, the industrial output amounted to 2,385.9 bln drams (4.7 bln US dollars). The industrial production index in 2021 to 2020 was 103.3%.

The agricultural output at current prices in 2021 was 977 bln drams (1.9 bln US dollars). The physical volume of agricultural output index relative to 2020 amounted to 99.0%.

[1]In 2021, the exports of the Republic of Armenia amounted to 3.0 bln US dollars (in 2020 it was 2.5 bln US dollars).

In 2021, the imports 1 of the Republic of Armenia amounted to 5.4 bln US dollars (in 2020 it was 4.6 bln US dollars).

[1] Hereinafter, the data on exports (imports) for 2021 are operational.

Key Industries

Extraction and processing of construction raw materials, nonferrous industry, wine and cognac production. There are enterprises manufacturing metal-cutting machines, molding equipment, precision instruments, synthetic rubber, tires, plastics, chemical fibers, mineral fertilizers, electric motors, tools, microelectronics, jewelry, silk fabrics, knitted goods, legwears.