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Putin’s “currency risk” on the urgent task of the Eurasian Economic Union

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Russian President Vladimir Putin called reducing the risks created by the use of foreign currency and payment systems for mutual trade an urgent task of the Eurasian Economic Union.

This is stated in Putin’s speech to the heads of member states of the Eurasian Economic Union, which was published on the Kremlin website on Monday morning, where he said in his speech: “The urgent task is to constantly reduce the created economic risks. the use of foreign currencies and payment systems in mutual trade, since we proceed from the fact that an indispensable condition for stable settlement relations within the framework of the (Eurasian Economic) Union is the connection of partners to the financial messaging system of the Bank of Russia. Russia and the development of interaction mechanisms for the interaction of national payment systems.

Also, according to President Putin, the coordination of financial markets should lead to the creation of favorable conditions for the capital of the member states to remain within the union and invest in national economies. In addition, the President indicated that he considered it appropriate to explore the possibility of creating a Eurasian rating agency that would provide rating tools to serve the growing economic activity in this large region.

Source: Official website of the Kremlin

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