MINSK, 26 June (BelTA) – The EAEU nations have achieved notable success in aligning national payment systems and bank cards, Russian President Vladimir Putin said at the plenary session of the Eurasian Economic Forum in Minsk on 26 June, BelTA has learned.
"The EAEU countries have achieved significant success in aligning the national payment systems and bank cards," Vladimir Putin said. “We are working within BRICS to create a digital investment platform. And, of course, such ideas, in general, could be used in the EAEU.”
As of the beginning of this year, the Eurasian Stabilization Fund has accumulated about $9 billion. If necessary, the money can be used to support the budgets of the five countries. The Eurasian Bank has accumulated investment portfolios in the amount of $16.5 billion. It financed, in particular, the construction and modernization of power facilities in Kazakhstan and Kyrgyzstan, the creation of agricultural manufactures in Armenia. In Russia, the Eurasian Bank allocated funds for the construction of the Western High-Speed Road in St. Petersburg, development of Pulkovo Airport and other infrastructure initiatives.
“Naturally, the Eurasian union and its member states maintain extensive ties with such key regional financial organizations as the BRICS New Development Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank and others,” Vladimir Putin said.
"If speaking about Russia, then by virtue of the known circumstances our dialogue with the World Bank and other West-centered financial institutions is complicated at this stage, softly speaking. The reason is in their political bias," Vladimir Putin said.
“Russia has been working hard to reduce its dependence on Western financial institutions and minimize the use of foreign payment instruments and services,” the head of state said. “The transition to direct correspondent contracts with banks of EAEU countries was ensured.”
