EAEU and CIS Economies
The Eurasian Economic Union (EAEU) and Commonwealth of Independent States (CIS) economies have demonstrated notable resilience and growth. In 2023, the share of transactions in Russian rubles within the EAEU rose to 81.3%, illustrating a strategic pivot away from reliance on Western currencies due to sanctions and geopolitical pressures (Interfax, 2023a). This currency shift is part of broader efforts to enhance economic integration and stability within the region.
The CIS economies, led by Belarus, experienced faster growth than the global average, driven by robust industrial output and agricultural production. This growth is supported by increased regional trade and policies promoting economic collaboration (Interfax, 2023b).