MOSCOW, 29 March (BelTA) – The Eurasian Economic Commission (EEC) and the Eurasian Development Bank (EDB) are discussing infrastructure for settlements in national currencies in the Eurasian Economic Union, BelTA learned from the press service of the EEC following negotiations between Member of the Board (Minister) for Economy and Financial Policy of the EEC Ruslan Beketayev and Chairman of the Board of the Eurasian Development Bank Nikolai Podguzov.
The parties discussed cooperation prospects in the financial sector, in particular, the development and integration of financial markets, their infrastructure, the creation of digital ecosystems of financial services, the implementation and scaling of integration investment projects, as well as the development of digital platforms.
“In general, the active implementation of the concept of a common financial market of the Eurasian Economic Union opens up additional opportunities to expand the geography of investment and to gain broad access to investment resources. Promising avenues of cooperation may include the development of infrastructure to make settlements in national currencies with the participation of the Eurasian Development Bank,” Chairman of the Board of the Eurasian Development Bank Nikolai Podguzov said. According to him, the bank intends to actively promote its platform in order to make it a basic instrument for settlements in the most liquid currency pairs for the EAEU.
Ruslan Beketayev emphasized that the formation of a common financial market is an important integration priority for the EAEU states in line with the 2025 Eurasian economic integration strategic guidelines approved by the decision of the Supreme Eurasian Economic Council on 11 December 2020. “Its formation will enable a broad access to financial products and resources for business and households, facilitate mutual access of participants to each other's markets, increase competition in the financial services market, and ensure effective protection of the rights and legitimate interests of investors and consumers of financial services,” the minister noted.
