Russian emergencies ministry deploys airmobile hospital in SyriaMilitary & Defense December 05, 13:53
Sukhoi-33 jet crashes while landing on Admiral Kuznetsov carrierMilitary & Defense December 05, 13:41
Russian athletes may take part in 2017 European championship under neutral flagSport December 05, 13:36
Talks between OPEC, non-OPEC members to be held on Dec 10 in ViennaBusiness & Economy December 05, 13:29
Lavrov says militants who do not leave eastern Aleppo to be regarded as terroristsRussian Politics & Diplomacy December 05, 13:20
Russia sees no need to establish military blocks in Asian-Pacific regionRussian Politics & Diplomacy December 05, 13:05
Press review: US pushes for new anti-Russia sanctions and Russia's military export in 2016Press Review December 05, 13:00
St. Petersburg University ranks 64th among Europe's best business schoolsSociety & Culture December 05, 12:59
Navy commander: Russia’s aircraft carrier-led group in Mediterranean is self-sufficientMilitary & Defense December 05, 12:55
“This is the next phase of economic integration which is not envisaged by the treaty,” Khristenko said.
The landmark treaty, which lays the foundation for creating the ambitious regional integration project seen to deal a serious blow to the West’s plans to preserve the unipolar world, was ratified by Russia’s lower house of parliament, the State Duma, earlier on Friday.The document for the first time foresees the path for establishing “single financial markets and markets of financial services in all the directions” and also says that the single financial regulator could appear on the territory of the Union in 2025.
“Such systematic unification is an absolutely essential element to create both the system of confidence and in fact discuss the issue of the further integration phase, the possibility of creating the currencies union,” Khristenko said.
The Eurasian Economic Union Treaty was signed by the presidents of Russia, Kazakhstan and Belarus on May 29, 2014. The treaty establishes the Eurasian Economic Union, which ensures free movement of goods, services, capital and labor force and binds its member states to conduct coordinated or common policy in economic sectors.
The implementation of the Treaty will require extra budgetary spending. It is planned to allocate funds for these purposes in the Russian federal budget for 2015 and for a later period of 2016 and 2017.
The Eurasian Economic Union Treaty is to come into force from January 1, 2015.