Mobile version
Projects
Services
Government Bodies

Russia suggests common infrastructure for cash transactions in Eurasian Economic Union

Politics 06.12.2018 | 14:07

SAINT PETERSBURG, 6 December (BelTA) – Russia suggests considering the possibility of creating a common infrastructure in the Eurasian Economic Union to handle monetary transactions using modern financial technologies. President of Russia Vladimir Putin made the statement during the session of the Supreme Eurasian Economic Council in Saint Petersburg on 6 December, BelTA has learned.

The Russian head of state noted that steps are taken to improve coordination of the EAEU member states in the implementation of the monetary and financial policy and monetary management. Representatives of the central banks have previously signed an agreement on harmonizing financial market regulations. “It is a major step towards forming common financial space. We suggest considering the possibility of creating a common infrastructure for monetary transactions using modern financial technologies,” said Vladimir Putin.

“It would allow us to improve the stability of the national payment systems of our countries by making them less dependent on the U.S. dollar and other foreign currencies. It would directly enhance economic sovereignty,” added the Russian leader.

Print version
More about Politics
Latest news
All news
Weather
Minsk
Baranovichi
Bobruisk
Borisov
Brest
Warsaw
Vilnius
Vitebsk
Gomel
Grodno
Zhlobin
Kiev
Lida
Minsk
Mogilev
Mozyr
Moscow
Orsha
Polotsk
Riga
Saint Petersburg
Soligorsk
Day +2..+4°C Overcast sky
Night +1..+3°C Overcast sky