On December 26, 2024, the Supreme Eurasian Economic Council (EAEU) will convene at the Igora Resort in Leningrad Oblast, Russia. This summit is expected to draw significant attention as leaders from member states, including Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan, gather to address critical issues affecting regional integration.
The agenda includes discussions on the EAEU's international activities for 2025, the signing of agreements regarding a unified customs transit system, and amendments to the EAEU Treaty concerning protective measures against unfair trade practices. Additionally, the leaders will consider the implementation of a free trade agreement with Iran and grant observer status to Iran within the union.
Other key topics will focus on the establishment of a common electricity market, harmonization of financial legislation among member states, and plans for liberalization in various service sectors. The summit will also tackle the removal of barriers in the internal market and the approval of fees paid by businesses when appealing to the EAEU Court.
Notably, Armenian President Nikol Pashinyan will participate in the summit remotely due to a positive COVID-19 test. This gathering represents a crucial moment for the EAEU as it seeks to deepen integration and address economic challenges within the region.
Observers should watch for announcements regarding the next meeting of the Supreme Eurasian Economic Council, as well as any significant agreements reached during the discussions.