Mechanism of financial support of industrial cooperation is new  integration level in real economy - minister 

ArmInfo.  Common economic  interests of the countries of the Eurasian Economic Union stimulate  the development of industrial partnership infrastructure. This was  stated by the Minister of Industry and Agro-Industrial Complex of the  Eurasian Economic Commission Goar Barseghyan at the plenary session  of the international forum-exhibition "Russian Industrialist-2024". 

According to her words, quoted by the press service of the EEC, an  example of this is the adopted new strategic document "Main  Directions of Industrial Cooperation for the Period up to 2030",  which defines the priorities of the EAEU countries in the real sector  of the economy. Among them are the unification of efforts in using  the potential of the Union's internal market, the development of  industrial and technological cooperation, and interaction in export  markets. The EEC Minister also told the forum participants about the  mechanism of financial support for industrial cooperation projects in  the EAEU.

"This is a new level of integration in the real sector of the  economy. As a support measure, subsidizing the interest rate on loans  and credits issued by financial organizations for the implementation  of joint projects from the Union budget has been defined. 

The leaders of our countries have approved unprecedented conditions  for such projects - this is a 100% compensation of the key rate of  the Central Bank of the member state. The new mechanism has been  developed as a pilot, and the corresponding system of preferential  lending for projects will operate in the EAEU for five years," the  EEC Minister emphasized. 

Goar Barseghyan summarized that direct dialogue with business  representatives will help achieve understanding in solving pressing  issues of attracting participants to Eurasian cooperation projects  based on mutual interest