The Agreement responds to the need to establish a legal framework for the Customs Union within the EurAsEC, taking into account the deepening economic integration between Russia, Belarus and Kazakhstan.
The aim of the Agreement is to define the procedure for the transportation of cash across the Customs Union border and to set out a monetary policy for the Customs Union, ensuring the security of its financial system.
The Agreement’s provisions are aimed at improving the effectiveness of monitoring mechanisms and reducing the number of offenses involving the transportation of money across the Customs Union border, guaranteeing the rights of Customs Union citizens similar to those enjoyed by individuals in the European Union, and precluding the financing of terrorism and legalisation of proceeds from crime.
The Agreement was signed in Astana, Kazakhstan on July 5, 2010.