Kazakh producers’ difficulties not related to EEU, president says
Astana, Kazakhstan, Feb. 11
By Daniar Mukhtarov - Trend:
The difficulties encountered today by Kazakh producers aren't related to the activities of the Eurasian Economic Union (EEU), Kazakhstan's President Nursultan Nazarbayev said Feb. 11 at an expanded government meeting.
"Our producers are being harmed against the backdrop of weakening of the ruble. This has nothing to do with the EEU," the president said.
He noted that the beginning of the EEU's activity coincided with a difficult period for Russia's economy.
"Those barbaric sanctions [against Russia] help no one. Europe is losing $25 billion, Russia - $41 billion," said Nazarbayev, expressing confidence that Russia will get out of the situation with honor, and will develop and prosper, and that Kazakhstan will also develop and prosper along with Russia.
He added that the prices of goods between Russia and Kazakhstan are made even throughout the year.
Eurasian Economic Union, or simply EEU, started functioning on Jan. 1, 2015.
The principle of four freedoms, that is, the freedom of movement of goods, services, capital and human resources are in force within the EEU.
Edited by SI