Sergei Sidorsky: Total EEU budget deficit is expected to reach $200 bln

"Total EEU budget deficit is expected to reach $200 billion," member of the board of the Eurasian Economic Commission (EEC) Sergei Sidorsky said today at the 10th  International Conference "Eurasian Economic Integration."

According to him, everybody wants the active movement of the Eurasian Economic Union, but before talking about its rapid development, it is necessary to look at the overall economic situation of member countries. Today there is an economic crisis, which is largely connected with the introduction of sanctions against Russia, he said.

"First of all we should implement a series of planned economic indicators, which are incorporated in the budgets of all countries of the Eurasian Economic Union. We had different views on the developments, but now there is a sharp drop in energy prices, which affects the total budget deficit of the EEU countries," Sergei Sidorsky said.