MOSCOW, June 03. /ITAR-TASS/. The Eurasian Economic Commission (EEC), which comprises Russia, Kazakhstan, and Belarus, sees no point in launching a single currency before the establishment of a common financial market and a single financial regulator, Tatyana Valovaya, EEC Minister of Integration and Macroeconomics, said Tuesday at a news conference.
“Until we establish a single financial market, there is no point in raising the issue of a single currency. But we need to develop cooperation in the currency sphere, to carry out a coordinated macroeconomic policy,” Valovaya said.
“It is necessary to reach a certain stage of economic integration (to establish the single currency). The EEU needs to work more before the necessity in a single currency appears," she said.