Sergei Glazyev: “The Greater Eurasian Partnership is a driver for forming a new world economic order”

The economic development opportunities of the Eurasian Economic Union in the changing world order were outlined by Sergei Glazyev at the session “Polycentricity as the Norm of a Future World without Colonies and Hegemons” held on June 8 as part of the 27th St. Petersburg International Economic Forum.

The EEC Minister said that the integral world economic order is coming into effect, which will determine the world economic development for the next 40-50 years.

“An order has already been formed in Southeast Asia, which is very attractive to all other regions and countries. For example, about 2/3 of the world's countries have already joined the Chinese Belt and Road initiative, and this interaction is only strengthening and expanding before our eyes,” Sergei Glazyev noted.

The EEC Minister also emphasized that the EAEU develops in accordance with the principles of the Greater Eurasian Partnership, which are in line with the guidelines of the new integrated world economic order.
“Mutual benefit, voluntary involvement, respect for national sovereignties, transparency and a combination of concrete benefits are the inherent principles of this new type of integration. Coupling the EAEU with the Belt and Road initiative forms the core of the new world economic order,” the EEC Minister said.

During his speech, Sergei Glazyev presented the Report on opportunities for the EAEU economic development, reflecting the EAEU potential amidst the turbulence of the global economy and geo-economic shifts.