Bakhyt Sultanov outlined key business development avenues within EAEU

At the venue of the Russian Union of Industrialists and Entrepreneurs, Bakhyt Sultanov, Minister in charge of Economy and Financial Policy of the Eurasian Economic Commission, took part in the 11th Moscow International Financial and Economic Forum "Building Bridges: Partnership without Borders."


At the plenary session Bakhyt Sultanov told about the practical aspects of the Eurasian Economic Union's development and entrepreneurship support mechanisms.

"The Commission actively cooperates with the EAEU Business Council. The EEC Economic and Financial Policy Unit is designated as the single window for interacting with the business circles. Our common goal is to create better conditions for business operations and development across the Eurasian space through deepening economic integration," the EEC Minister emphasized.

In 2025, the number of issues considered by the Commission grew by 27% compared to 2024. The share of resolved issues raised by the business community reached 26%. The majority of issues (66%) were clarified to businesses comprehensively, including in terms of possible solutions to existing problems.

Entrepreneurs show the greatest interest in the fields where the EEC is vested with regulatory powers: customs administration (19.9%), technical regulation (12.8%), foreign trade regulation (10,2%).

"In 2024, the volume of mutual trade in goods between the EAEU countries increased by 9% compared to 2023. The share of settlements in national currencies reached 93%. Behind these figures is a practical confirmation of our integration project's relevance," Bakhyt Sultanov mentioned.

The EEC Minister also told about the financial support mechanism for cooperation projects in industry. Decisions are already taken on supporting three such projects, two in Russia and one in Kazakhstan.

According to Bakhyt Sultanov, the Commission not only actively utilizes the instruments for involving the business community in shaping a balanced Eurasian regulation but also develops them. In addition to the conventional procedure for conducting regulatory impact assessments (RIAs) of the Commission's draft decisions, new instruments are being implemented: there are actual impact assessments (AIA) of decisions already adopted by the EEC, the RIA procedure for draft international treaties within the EAEU, and the feasibility Kazakhstan's initiative on expanding AIA to international treaties is in the early stage of consideration.

In conclusion, Minister told about the joint work being done by the EEC on harmonizing the Member States' legislation to create the EAEU common financial market and common services market as well as on creating favorable conditions for trade with third countries.