A number of unsolved issues of a fundamental nature have accumulated within the EAEU. I consider it appropriate to mention the high-priority need to reach fundamental solutions regarding the harmonization of the approaches, principles, and mechanisms of the operation of the common energy markets by the member states. Armenian Prime Minister Nikol Pashinyan stated this at the extended-format session of the Supreme Eurasian Economic Council of the Eurasian Economic Union (EAEU) in Saint Petersburg, Russia.  

In this context, we are ready to take a flexible approach to ensure the balance of interests of the EAEU member states on unresolved issues, for availing ourselves of the advantages and potential of the EAEU common energy markets.

I also consider it necessary to expand the fields of integrated cooperation in the field of increasing energy efficiency and development of renewable energy.

Another fundamentally important issue is the introduction of digital technologies into the practical activities of state business processes with the active involvement of the IT communities of our countries.

This area is of particular importance, in particular, in light of the practical applications of artificial intelligence, which creates new opportunities for faster collection and effective analysis of economic activity data.

The responsible use of the potential of artificial intelligence can also be an additional incentive for the development of economic cooperation within the EAEU.

It is known that the lack of a common border with the countries of the Union creates certain difficulties and economic costs for Armenia. This is a challenge for Armenia, but at the same time a unique opportunity for EAEU. If we manage to ensure uninterrupted transport, transit and administration through modern technologies, we will have a unique opportunity to develop EAEU relations with interested third countries.

Another effective tool can be the introduction of modern systems of digital traceability of goods and cargo, including mutual recognition of electronic signatures, which guarantees the implementation of the "four freedoms" without creating additional barriers, thereby providing a technical basis for effective cooperation within the EAEU.

It is important for these systems to be modern, efficient and remove existing barriers rather than creating new ones.

Dear participants of the session,

At this difficult moment for all of us, efforts should be focused on maximizing the influence of the EAEU, taking into account the national priorities of socio-economic development,” stressed the Armenian PM.