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23 September 2021, 11:07

Myasnikovich, Novak discuss common energy markets in Eurasian Economic Union

Photo courtesy of the EEC press service
Photo courtesy of the EEC press service

MOSCOW, 23 September (BelTA) – Chairman of the Board of the Eurasian Economic Commission (EEC) Mikhail Myasnikovich and Deputy Prime Minister of Russia Alexander Novak have discussed the drafting of international agreements on the establishment of common energy markets in the Eurasian Economic Union (EAEU), BelTA learned from the EEC press service.

“The parties also exchanged views on Eurasian integration in the oil and gas sector,” the press service noted.

The EEC recalled that earlier the heads of state of the Eurasian Economic Union had approved the concept and program of the formation of common markets of oil and petroleum products in the EAEU. The same package of documents had been adopted for the common gas market. “The next important stage will be the adoption of international agreements on the formation of common markets of gas, oil and petroleum products in the EAEU. This will lay the foundation for a common legal framework needed for common markets,” the EEC said.

“The work to establish common markets and converge national legislations is proceeding taking into account the basic principles laid down in the Treaty on the Eurasian Economic Union. Common markets are to be launched on 1 January 2025,” the press service emphasized.

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