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Govt endorses draft agreement with Belarus, Kazakhstan on financial information exchange

September 25, 2014, 9:49 UTC+3 MOSCOW
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MOSCOW, September 25. /ITAR-TASS/. The Russian government has endorsed a draft agreement between Russia, Belarus and Kazakhstan on exchange of information, including classified, in the financial sphere to create conditions on financial markets for free capital movement.

A relevant instruction signed by Prime Minister Dmitry Medvedev has been posted on the official website of the Russian cabinet of ministers.

The deal, to be signed by first deputy premier Igor Shuvalov, determines the procedure to exchange, access and store obtained classified information, as well as hold meetings and consultations in order to supervise cross-border organizations.

The norm regulating the posting on official websites of accessible information characterizing the degree of financial markets’ integration is also defined by the agreement.

The deal will contribute to elaboration of coordinated approaches regarding the operation of financial markets of Belarus, Kazakhstan and the Russian Federation - three countries making up the Moscow-led Customs Union - as well as development of the common economic space.

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