During a recent working visit to the United Arab Emirates, Russian First Deputy Prime Minister Denis Manturov announced that the economic partnership agreement between the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) is expected to come into effect by the end of 2026. This announcement follows a remarkable 50% increase in trade turnover between the two nations last year, which reached an impressive $14 billion. Manturov emphasized that the new agreement will enhance the quality of trade and create a more balanced economic relationship. This partnership is a significant addition to existing agreements signed last year, which focused on free trade in services and the elimination of double taxation. Furthermore, President Vladimir Putin has ratified the economic partnership agreement and the intergovernmental agreement on trade in services and investment, signaling strong governmental support for deepening economic ties with the UAE.