Greater Eurasian Partnership: new trade, initiatives
The Greater Eurasian Partnership will find itself at the center of attention during the St. Petersburg International Economic Forum, slated to take place on 18–21 June 2025.
The transformation of the global economy in the wake of geopolitical upheaval has created a need for a completely new approach to economic interaction, with the Greater Eurasian Partnership appearing as an important mechanism for strengthening integration, expanding trade, and launching joint projects in strategically important industries.
The Greater Eurasian Partnership continues to be a priority for Russia on the international stage, as evidenced by ongoing cooperation with a number of nations and associations and local initiatives aimed at deepening ties within Eurasia. Dialogue between member nations contributes to the development of previously untapped potential, increases economic resilience in the face of external challenges, and lays the foundation for long-term growth.
The imposition of sanctions on Russia and its partners has increased the importance of economic interaction and other forms of cooperation within the Greater Eurasian Partnership, where trade and investment continue to grow along with logistical and financial infrastructure.
According to Adviser to the Russian President and Executive Secretary of the SPIEF Organizing Committee Anton Kobyakov: ‘The Greater Eurasian Partnership is about more than just expanding trade and logistics. It is an opportunity to unite efforts with our partners in a number of industries in a rapidly changing world. Transport, food security, tourism, IT, finance… by combining markets, the members of the Greater Eurasian Partnership achieve the important objectives of insulating themselves against risk and guaranteeing sustainable growth in domestic demand. We must create the conditions for all participants to turn their efforts into concrete initiatives and projects.”
The importance of the St. Petersburg International Economic Forum extends into real opportunities to promote the Greater Eurasian Partnership, deepen humanitarian and economic dialogue, and foster new forms of international cooperation.
Despite temporary difficulties resulting from sanctions and forced changes to logistics chains, interaction within the Greater Eurasian Partnership has proven to be sustainable and promising. Recent data indicate growing mutual interest and the preservation of fundamental points of convergence between the economies, with trade between the members of the partnership once again exceeding USD 20 billion in 2023 and increasing in food, mineral fuels, and fertilizers, among others. An increase in the number of joint initiatives in logistics, digital solutions, and industrial cooperation has also been noted.
