Putin met with Lukashenko and Nazarbayev
Photo: Reuters
It's time to talk about the formation of a monetary union between Russia, Belarus and Kazakhstan.
This was announced on Friday, Russian President Vladimir Putin, reports RIA Novosti.
"We think it's time to talk about the possibility of forming a monetary union in the long term," - said Putin after a trilateral meeting with the heads of Belarus and Kazakhstan.He added that during the meeting also discussed the issues of the Eurasian integration.
According to him, "working shoulder to shoulder, it is easier to respond to external financial and economic threats, protect our joint market."
Eurasian Economic Union (EAEC) - an economic union, which is part of the Eurasian integration with January 1, 2015 is created on the basis of the Customs Union of Russia, Kazakhstan and Belarus.
February 26, 1999 Belarus, Kazakhstan, Kyrgyzstan, Russia and Tajikistan signed the Treaty on the Customs Union and the Common Economic Space.
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