Two years since Odessa massacre: speculations and absence of court rulingsWorld May 02, 8:26
Putin approves simplified procedure of issuing residence permits to refugees from UkraineSociety & Culture May 02, 0:58
Preliminary results of probe into malfunctions at Vostochny expected on May 6 — sourceScience & Space May 01, 22:56
Putin thanks F1 CEO for efforts to promote F1 project in Russia’s SochiSport May 01, 17:20
President Putin awards German winner of Sochi F1 GP Rosberg with trophySport May 01, 17:11
Patriarch Kirill congratulates Russian cosmonauts on EasterSociety & Culture May 01, 16:23
Ferrari’s Vettel out of Sochi GP on Lap One after dual hits in back from Russia’s KvyatSport May 01, 16:17
Night Wolves bikers not allowed to cross border with PolandWorld May 01, 14:59
Suspects detained in brutal murder of police officer, his family in southern RussiaSociety & Culture May 01, 12:18
MOSCOW, August 03, /ITAR-TASS/. The Eurasian Economic Union of Russia, Belarus and Kazakhstan might adopt it’s a common currency unit, the Rossiiskaya Gazeta newspaper writes in its Monday issue.
The daily cites Bembya Khulkhachiyev, director of the Eurasian Economic Union’s financial policy department, as saying that the Union was planning to make a wider use of the national currencies of the three member states with an eye to create a common payment system. If these tasks are solved successfully, the issue of a common currency unit might be raised, he said.
Currently, the Eurasian Economic Union, according to Khulkhachiyev, makes 50% of internal settlements in roubles, 40% - in U.S. dollars, eight to nine percent - in euros. The share of other currencies barely reaches one percent.
Processes of financial integration within the Eurasian Economic Union “are especially important now that the European Union and the United States have imposed sanctions against Russia’s financial sector - Sberbank, VTB, VEB, Gazprombank and Rosselkhozbank,” the Rossiiskaya Gazeta notes.
The three countries signed a Eurasian Economic Union Treaty in May 2014. The Union is to supersede the Common Economic Space of Belarus, Russia and Kazakhstan on January 1, 2015. Two more countries of the Commonwealth of Independent States (CIS), Armenia and Kyrgyzstan, have announced their plans to join the Union.