The Eurasian Economic
Commission, jointly with the Financial and Banking Association of Euro-Asian
Cooperation (FBA EAC), plans to continue work on developing the common
financial market of the Eurasian Economic Union. This was agreed by Ruslan
Beketaev, EEC Minister in charge of Economy and Financial Policy, Alexander
Murychev, Chairman of the FBA EAC Board, and Oleg Berezovoy, Director General
of the FBA EAC, at a meeting held in Moscow.
The meeting attendees
discussed relevant matters of developing payment and settlement relations
within the Eurasian Economic Union as well as expanding the use of national
currencies in mutual settlements.
"It is acknowledged that the business community
of the Eurasian Economic Union countries runs into difficulties in conducting
mutual settlements. Therefore, the EEC will intensify its work in this
direction," the EEC Minister stressed.
In the near future, Ruslan
Beketaev, EEC Minister in charge of Economy and Financial Policy, will become
Chairman of the FBA EAC Supervisory Board.
For reference
The Financial and Banking
Association of Euro-Asian Cooperation was registered on September 11, 2013. Its
founders include the Association of Banks of the Republic of Kazakhstan, the
Association of Financiers of Kazakhstan, the Association of Regional Banks of
Russia, the Banking Association of Tajikistan, the SCO Business Club, the ICIE
Financial Corporation, and the CIS Financial and Banking Council.
More than 40 structures are
members and partners of the FBA EAC, including financial and banking
associations of the CIS, Azerbaijan, Kazakhstan, Kyrgyzstan, Russia,
Tajikistan, Central and Eastern Europe, banks and commercial structures of
China, Kazakhstan, Russia, Uzbekistan, Slovenia, Romania, and the United Arab
Emirates.