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Presidential Executive Office2023
Events

Agreement on creating conditions on financial markets for free movement of capital has been sent to State Duma for ratification

Dmitry Medvedev sent the agreement on creating conditions on financial markets for free movement of capital to the State Duma for ratification.

June 10, 2011
10:30

The agreement was drafted following a decision by the Customs Union Background information Customs Union between Russia, Belarus, and Kazakhstan Commission on January 27, 2010, and was signed in Moscow on December 9, 2010.

The agreement will ensure free movement of capital, develop mutually beneficial financial sector cooperation, and harmonise banking sector, currency market, securities market, and insurance sector legislation in Belarus, Kazakhstan and Russia.

Under the agreement, harmonisation of legislation will take place in phases through to December 31, 2013.

The agreement will facilitate coordinated approaches to resolving issues regarding financial markets’ activity and developing the Common Economic Space, in particular through cooperation between the parties on matters concerning financial markets’ operation, and putting in place the necessary organisational and legal conditions at the inter-state level for developing integration in the financial sector.

Topics

  • Economy and finance
  • Foreign policy

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Published in sections: News, Documents

Publication date: June 10, 2011, 10:30

Direct link: en.kremlin.ru/d/11526

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Agreement on creating conditions on financial markets for free movement of capital has been sent to State Duma for ratification

http://en.kremlin.ru/events/president/news/11526

Last updated at March 20, 2015, 18:01

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