KRASNOYARSK, February 19. /TASS/. Russia should become a local financial hub for the Eurasian Economic Union (EAEU) member-states and has the sufficient infrastructure to do so, Deputy Finance Minister Maxim Oreshkin said on Friday at the Krasnoyarsk Economic Forum.
"We need to turn into a local financial hub at the least, the financial hub for the EAU nations," Oreshkin said. "Financial infrastructure of Moscow and Russia is highly developed. Therefore [the task is] to have a local hub and gradually increase its share and influence," the official said.
If currency unions are simultaneously accompanied by fiscal and banking unions, this may result in a major unbalancing, Oreshkin added, citing problems the Eurozone is facing as an example.
EAEU members at present are Russia, Belarus, Kazakhstan, Armenia and Kirgizia.