Le Bourget air show: Russia clinches contracts for military hardware deliveriesMilitary & Defense June 22, 19:28
Czech president supports idea of referendum on country’s withdrawal from EUWorld June 22, 18:57
Russian fans show fascinating hospitality at 2017 Confederations Cup — renowned pianistSport June 22, 18:32
First days of Soviet Union's Great Patriotic War in picturesSociety & Culture June 22, 18:10
Defense Ministry comments on upcoming Russia-China military exercisesMilitary & Defense June 22, 18:08
Death toll in Afghan terror attack climbs to 34World June 22, 18:04
Russian MP castigates Poland’s decision to demolish Red Army monuments as ‘blasphemous’Russian Politics & Diplomacy June 22, 17:46
Ex-Ukrainian president lambastes Europe for ‘brining Ukraine to its knees’World June 22, 17:12
Senator calls for tough response to Poland’s decision to demolish Red Army monumentsRussian Politics & Diplomacy June 22, 17:03
MINSK, October 21. /TASS/. Russia and Belarus should consider national currency swaps, Russian Prime Minister Dmitry Medvedev said on Tuesday after a meeting of the Cabinet of Ministers of the Russia-Belarus Union State.
The meeting discussed the need of the two countries’ closer work on currency and financial issues, especially amid Western sanctions imposed on Russia barring access for Russian companies and banks to international capital markets, Medvedev said. “A whole number of markets is closed for Russia at present. And we need to build mutual long-term currency positions,” Medvedev said.
“This refers to the possibility of using currency swaps opened in national currencies and the possibility of using the Russian ruble as a payment means more actively,” Russia’s premier said.
The Eurasian Economic Union to come into force from January 1, 2015 will not harm the format of the Union State of Russia and Belarus but only strengthen it, Medvedev noted.
“As we have agreed with our Belarusian friends, and we discussed it with the Belarusian president earlier today, the format of the Union State will not vanish, but, on the contrary, will only strengthen,” Medvedev said, opening a meeting of the Union States’ Council of Ministers in Minsk. In practical terms, according to the Russian prime minister, it means that cooperation between the Union State’s permanent committee with the Eurasian Economic Commission will be expanded. “The more so as we have managed to advance much further in certain areas within the Union States from what we have within the Eurasian Economic Union and even bearing in mind some plans we have in the Eurasian Economic Union,” he said.
As soon as the Eurasian Economic Union starts operating, the sides will proceed to a new stage of integration — implementation of measures to ensure the so-called “four freedoms” (free movement of goods, services, capital and labor force).