CIS member states have achieved significant economic growth despite external pressures, according to Russia’s Permanent Representative to the Commonwealth of Independent States, Andrey Grozov.
“Despite repeated sanctions packages targeting primarily Russia and Belarus, as well as threats of secondary sanctions against other CIS partners, member states have made significant progress and achieved economic growth within the Commonwealth. The GDP of CIS countries grew by 4.7% this year,” Grozov stated ahead of a meeting of the CIS Council of Permanent Representatives.
Grozov highlighted the steady development of mutual trade, noting that Russia's trade turnover with CIS countries reached $83 billion this year. “One of our priorities has been the creation of a stable financial infrastructure independent of external influences. As a result of joint efforts, 85% of payments for foreign trade operations within the CIS are now conducted in national currencies,” he added.
As part of the implementation of Russia’s chairmanship agenda, around 150 events were held, including meetings of the highest statutory bodies, sectoral councils, forums, conferences, and festivals.
Grozov expressed gratitude to representatives of all CIS countries for their support and close cooperation during Russia’s chairmanship this year.
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Photo: Russian Foreign Ministry
Based on TASS materials