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Ruslan Beketaev to become Chairman of FBA EAC Supervisory Board

Ruslan Beketaev to become Chairman of FBA EAC Supervisory Board

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3/25/2021

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.​