Putin invites EAEU countries to take part in Russia’s import replacement program

ASTANA, May 31. /TASS/. Russian President Vladimir Putin has invited the member-states of the Eurasian Economic Union (EAEU) to participate in Russia’s import replacement program. "The Union’s states joining the import replacement program implemented by Russia is promising," Putin said. "We invite all our partners to have joint production of equipment and components in more than 25 areas," Putin told the session of the Supreme Eurasian Economic Council in Kazakhstan's capital Astana. The president said this particularly concerns machine building, consumer goods manufacturing, electronics manufacturing industry and agriculture. Russia announced plans to implement its import replacement program amid Western sanctions. The Eurasian Economic Union (EAEU) is an economic bloc which came into force in January 2015. It now consists of Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. The bloc envisages free movement of goods, services, capital and labor. Read more