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Work on common EAEU gas market agreement continues — official

There is a chance the document might be submitted for approval, although it is a difficult job, Russia’s Deputy Prime Minister Alexey Overchuk says

MOSCOW, January 25. /TASS/. Work on an agreement on a common gas market in the Eurasian Economic Union (EAEU) continues, there is a chance the document might be submitted for approval, Russia’s Deputy Prime Minister Alexey Overchuk told reporters on Wednesday.

"Today we continue to discuss this topic, we have a chance to reach an agreement on the text of the treaty … the work is ongoing," he said, without giving the exact timeframe.

Earlier, Russian President Vladimir Putin said that the EAEU countries should create a single gas market in the next two years.

Russian President Vladimir Putin said in December that the EAEU countries should create a single gas market within the next two years. "In the near future, in the next couple of years, we must implement our agreements that were formed earlier, namely, to create a single gas market [in the EAEU], within the next two years - form its operating principles, and move on to the practical implementation," he said.

He noted that this is a difficult job, there are "many issues related to the coordination of positions." At the same time, he stressed that in order to talk about a single EAEU gas market, it is necessary to develop uniform subsidizing principles. "There are no contradictions and misunderstandings about how we should achieve these results. We just need to work hard over the next two years," he added.