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YEREVAN. – Creating of a common oil and gas market within the Eurasian Economic Union will bring additional 9 billion to the member states’ annual GDP, Russian president Vladimir Putin said during the meeting of the Supreme Eurasian Economic Council.

The aggregate GDP of the Eurasian Union member states has grown by 2 percent this year, Putin said, adding that cooperation between the countries is advancing dynamically and efficiently.

Putin said the draft decision on the creation of a joint oil and gas market has been prepared, and this task will be solved by 2025. However, complete unification of tariffs requires more time, he added.

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